In progress now Gap at the open · Runs, breaks and structure · reading down
34 hits in 62 candles · test this one alone Sign in to be alertedHit on the latest weekly candle — week of 14 Jun 2021
Gap at the open completed on the candle that closed at week of 14 Jun 2021, a down reading. That is the newest candle on file, so this is in progress now.
What the candles did
Opened at 2.85, -3.39% below the previous close of 2.95.
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 31 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) 16 times of 31 (52%). Median move in the hit's direction +1.28%; best +20.25%, worst -85.48%. Within the window the move typically reached +6.56% in the hit's favour and -4.35% 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 14 Jun 2021 down Opened at 2.85, -3.39% below the previous close of 2.95.
- week of 17 May 2021 down Opened at 2.85, -5.00% below the previous close of 3.00.
- week of 03 May 2021 down Opened at 3.00, -1.64% below the previous close of 3.05.
- week of 29 Mar 2021 down Opened at 3.05, -4.69% below the previous close of 3.20.
- week of 08 Mar 2021 up Opened at 3.20, +1.59% above the previous close of 3.15.
- week of 01 Mar 2021 down Opened at 2.85, -5.00% below the previous close of 3.00.
- week of 08 Feb 2021 down Opened at 3.00, -3.23% below the previous close of 3.10.
- week of 01 Feb 2021 down Opened at 2.95, -4.84% below the previous close of 3.10.
- week of 18 Jan 2021 down Opened at 3.10, -4.62% below the previous close of 3.25.
- week of 04 Jan 2021 down Opened at 3.20, -3.03% below the previous close of 3.30.
- week of 14 Dec 2020 down Opened at 3.15, -4.55% below the previous close of 3.30.
- week of 23 Nov 2020 down Opened at 3.30, -4.35% below the previous close of 3.45.