In progress now Gap at the open · Runs, breaks and structure · reading up
97 hits in 130 candles · test this one alone Sign in to be alertedHit on the latest weekly candle — week of 07 Aug 2023
Gap at the open completed on the candle that closed at week of 07 Aug 2023, an up reading. That is the newest candle on file, so this is in progress now.
What the candles did
Opened at 2.00, +2.56% above the previous close of 1.95.
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 94 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) 44 times of 94 (47%). Median move in the hit's direction -2.02%; best +55.36%, worst -30.00%. Within the window the move typically reached +13.22% in the hit's favour and -10.20% 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 07 Aug 2023 up Opened at 2.00, +2.56% above the previous close of 1.95.
- week of 31 Jul 2023 up Opened at 2.00, +2.56% above the previous close of 1.95.
- week of 17 Jul 2023 down Opened at 1.95, -4.88% below the previous close of 2.05.
- week of 10 Jul 2023 down Opened at 2.05, -2.38% below the previous close of 2.10.
- week of 03 Jul 2023 down Opened at 2.10, -2.33% below the previous close of 2.15.
- week of 26 Jun 2023 down Opened at 2.10, -4.55% below the previous close of 2.20.
- week of 19 Jun 2023 up Opened at 2.55, +4.08% above the previous close of 2.45.
- week of 12 Jun 2023 up Opened at 2.25, +2.27% above the previous close of 2.20.
- week of 05 Jun 2023 up Opened at 2.15, +2.38% above the previous close of 2.10.
- week of 29 May 2023 down Opened at 1.90, -5.00% below the previous close of 2.00.
- week of 22 May 2023 down Opened at 2.00, -4.76% below the previous close of 2.10.
- week of 15 May 2023 down Opened at 2.10, -4.55% below the previous close of 2.20.