In progress now Gap at the open · Runs, breaks and structure · reading down
73 hits in 119 candles · test this one alone Sign in to be alertedHit on the latest weekly candle — week of 02 Jan 2023
Gap at the open completed on the candle that closed at week of 02 Jan 2023, a down reading. That is the newest candle on file, so this is in progress now.
What the candles did
Opened at 75.45, -2.01% below the previous close of 77.00.
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 69 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 69 (45%). Median move in the hit's direction -5.86%; best +162.77%, worst -152.24%. Within the window the move typically reached +13.86% in the hit's favour and -13.88% 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
- week of 02 Jan 2023 down Opened at 75.45, -2.01% below the previous close of 77.00.
- week of 26 Dec 2022 down Opened at 83.20, -4.86% below the previous close of 87.45.
- week of 19 Dec 2022 up Opened at 103.30, +4.98% above the previous close of 98.40.
- week of 12 Dec 2022 up Opened at 96.40, +2.06% above the previous close of 94.45.
- week of 21 Nov 2022 up Opened at 104.00, +3.02% above the previous close of 100.95.
- week of 14 Nov 2022 down Opened at 100.90, -4.90% below the previous close of 106.10.
- week of 07 Nov 2022 up Opened at 109.40, +3.01% above the previous close of 106.20.
- week of 31 Oct 2022 up Opened at 128.10, +5.00% above the previous close of 122.00.
- week of 24 Oct 2022 down Opened at 128.25, -5.00% below the previous close of 135.00.
- week of 17 Oct 2022 up Opened at 149.95, +4.97% above the previous close of 142.85.
- week of 10 Oct 2022 up Opened at 117.60, +5.00% above the previous close of 112.00.
- week of 03 Oct 2022 down Opened at 106.95, -4.98% below the previous close of 112.55.