In progress now Gap at the open · Runs, breaks and structure · reading down
55 hits in 66 candles · test this one alone Sign in to be alertedHit on the latest weekly candle — week of 28 Jun 2021
Gap at the open completed on the candle that closed at week of 28 Jun 2021, a down reading. That is the newest candle on file, so this is in progress now.
What the candles did
Opened at 4.10, -1.20% below the previous close of 4.15.
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 51 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) 23 times of 51 (45%). Median move in the hit's direction +0.00%; best +78.33%, worst -109.09%. Within the window the move typically reached +17.24% in the hit's favour and -14.81% 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 28 Jun 2021 down Opened at 4.10, -1.20% below the previous close of 4.15.
- week of 21 Jun 2021 down Opened at 4.05, -4.71% below the previous close of 4.25.
- week of 14 Jun 2021 up Opened at 5.60, +4.67% above the previous close of 5.35.
- week of 07 Jun 2021 up Opened at 4.50, +4.65% above the previous close of 4.30.
- week of 31 May 2021 up Opened at 3.65, +4.29% above the previous close of 3.50.
- week of 17 May 2021 up Opened at 3.10, +3.33% above the previous close of 3.00.
- week of 10 May 2021 up Opened at 3.15, +5.00% above the previous close of 3.00.
- week of 03 May 2021 up Opened at 3.25, +1.56% above the previous close of 3.20.
- week of 26 Apr 2021 up Opened at 2.90, +3.57% above the previous close of 2.80.
- week of 19 Apr 2021 up Opened at 2.50, +4.17% above the previous close of 2.40.
- week of 05 Apr 2021 up Opened at 2.45, +4.26% above the previous close of 2.35.
- week of 29 Mar 2021 up Opened at 2.35, +4.44% above the previous close of 2.25.