In progress now Gap at the open · Runs, breaks and structure · reading up
331 hits in 520 candles · test this one alone Sign in to be alertedHit on the latest daily candle — Wed 04 Jan 2023
Gap at the open completed on the candle that closed at Wed 04 Jan 2023, an up reading. That is the newest candle on file, so this is in progress now.
What the candles did
Opened at 89.05, +4.95% above the previous close of 84.85.
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 323 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) 170 times of 323 (53%). Median move in the hit's direction +1.29%; best +70.89%, worst -62.64%. Within the window the move typically reached +13.17% in the hit's favour and -7.70% 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
- Wed 04 Jan 2023 up Opened at 89.05, +4.95% above the previous close of 84.85.
- Tue 03 Jan 2023 up Opened at 84.85, +4.95% above the previous close of 80.85.
- Mon 02 Jan 2023 down Opened at 75.45, -2.01% below the previous close of 77.00.
- Fri 30 Dec 2022 up Opened at 80.00, +3.03% above the previous close of 77.65.
- Thu 29 Dec 2022 down Opened at 77.50, -2.52% below the previous close of 79.50.
- Wed 28 Dec 2022 down Opened at 80.05, -4.30% below the previous close of 83.65.
- Mon 26 Dec 2022 down Opened at 83.20, -4.86% below the previous close of 87.45.
- Thu 22 Dec 2022 down Opened at 93.60, -2.14% below the previous close of 95.65.
- Wed 21 Dec 2022 down Opened at 91.00, -1.36% below the previous close of 92.25.
- Tue 20 Dec 2022 down Opened at 90.95, -3.24% below the previous close of 94.00.
- Mon 19 Dec 2022 up Opened at 103.30, +4.98% above the previous close of 98.40.
- Fri 16 Dec 2022 down Opened at 96.25, -1.99% below the previous close of 98.20.