In progress now Gap at the open · Runs, breaks and structure · reading down
285 hits in 520 candles · test this one alone Sign in to be alertedHit on the latest daily candle — Wed 17 Aug 2022
Gap at the open completed on the candle that closed at Wed 17 Aug 2022, a down reading. That is the newest candle on file, so this is in progress now.
What the candles did
Opened at 63.00, -1.25% below the previous close of 63.80.
What this pattern is taken to mean
The session opened at least X% away from the previous close. Read as news or flow arriving overnight.
What followed on this name's own record
After 280 earlier hits on this name's daily candles, the close 10 sessions later went the hit's own way (up after an up reading, down after a down one) 123 times of 280 (44%). Median move in the hit's direction -1.56%; best +75.79%, worst -36.25%. Within the window the move typically reached +9.10% in the hit's favour and -8.65% against it. On this name it has more often gone the other way.
An observation from stored candles, not advice. Nothing here is a forecast; the decision, and the risk, are yours.
The rule, exactly as checked · pct = 1
- At the first candle of each session, compare its open with the last close of the previous session.
- Gap % = open / previous close − 1.
- The pattern completes when |gap %| ≥ pct; direction is the gap's sign.
- On daily candles this is simply open vs the previous day's close.
The last 12 hits on this name
- Wed 17 Aug 2022 down Opened at 63.00, -1.25% below the previous close of 63.80.
- Tue 16 Aug 2022 down Opened at 60.60, -2.02% below the previous close of 61.85.
- Wed 10 Aug 2022 down Opened at 62.00, -4.02% below the previous close of 64.60.
- Fri 05 Aug 2022 down Opened at 64.00, -1.54% below the previous close of 65.00.
- Mon 01 Aug 2022 up Opened at 64.75, +1.81% above the previous close of 63.60.
- Wed 27 Jul 2022 down Opened at 59.85, -1.07% below the previous close of 60.50.
- Mon 25 Jul 2022 up Opened at 63.15, +1.20% above the previous close of 62.40.
- Mon 18 Jul 2022 up Opened at 63.50, +1.52% above the previous close of 62.55.
- Fri 15 Jul 2022 up Opened at 64.00, +2.40% above the previous close of 62.50.
- Thu 14 Jul 2022 up Opened at 64.70, +2.29% above the previous close of 63.25.
- Tue 12 Jul 2022 down Opened at 64.00, -1.08% below the previous close of 64.70.
- Mon 11 Jul 2022 up Opened at 65.90, +1.07% above the previous close of 65.20.