In progress now Gap at the open · Runs, breaks and structure · reading down
72 hits in 110 candles · test this one alone Sign in to be alertedHit on the latest weekly candle — week of 15 Aug 2022
Gap at the open completed on the candle that closed at week of 15 Aug 2022, a down reading. That is the newest candle on file, so this is in progress now.
What the candles did
Opened at 60.60, -2.02% below the previous close of 61.85.
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 68 earlier hits on this name's weekly candles, the close 4 weeks later went the hit's own way (up after an up reading, down after a down one) 31 times of 68 (46%). Median move in the hit's direction -1.97%; best +64.70%, worst -25.02%. Within the window the move typically reached +10.83% in the hit's favour and -12.08% against it. On this name that is a coin toss.
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
- week of 15 Aug 2022 down Opened at 60.60, -2.02% below the previous close of 61.85.
- week of 08 Aug 2022 down Opened at 62.00, -4.02% below the previous close of 64.60.
- week of 01 Aug 2022 up Opened at 64.75, +1.81% above the previous close of 63.60.
- week of 25 Jul 2022 up Opened at 63.15, +1.20% above the previous close of 62.40.
- week of 18 Jul 2022 up Opened at 63.50, +1.52% above the previous close of 62.55.
- week of 11 Jul 2022 up Opened at 65.90, +1.07% above the previous close of 65.20.
- week of 27 Jun 2022 up Opened at 66.90, +5.77% above the previous close of 63.25.
- week of 20 Jun 2022 down Opened at 56.65, -1.39% below the previous close of 57.45.
- week of 23 May 2022 down Opened at 65.20, -1.66% below the previous close of 66.30.
- week of 16 May 2022 up Opened at 61.00, +1.08% above the previous close of 60.35.
- week of 02 May 2022 up Opened at 69.00, +1.10% above the previous close of 68.25.
- week of 28 Mar 2022 up Opened at 82.70, +3.50% above the previous close of 79.90.