In progress now Gap at the open · Runs, breaks and structure · reading up
412 hits in 520 candles · test this one alone Sign in to be alertedHit on the latest daily candle — Thu 20 Jul 2023
Gap at the open completed on the candle that closed at Thu 20 Jul 2023, an up reading. That is the newest candle on file, so this is in progress now.
What the candles did
Opened at 18.50, +3.35% above the previous close of 17.90.
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 405 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) 217 times of 405 (54%). Median move in the hit's direction +1.46%; best +61.78%, worst -61.92%. Within the window the move typically reached +10.40% in the hit's favour and -7.62% 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
- Thu 20 Jul 2023 up Opened at 18.50, +3.35% above the previous close of 17.90.
- Wed 19 Jul 2023 up Opened at 17.90, +4.99% above the previous close of 17.05.
- Tue 18 Jul 2023 up Opened at 16.65, +2.46% above the previous close of 16.25.
- Fri 14 Jul 2023 down Opened at 16.00, -2.74% below the previous close of 16.45.
- Wed 12 Jul 2023 down Opened at 15.35, -4.36% below the previous close of 16.05.
- Mon 10 Jul 2023 down Opened at 15.50, -4.02% below the previous close of 16.15.
- Fri 07 Jul 2023 up Opened at 16.30, +4.82% above the previous close of 15.55.
- Thu 06 Jul 2023 down Opened at 15.30, -2.55% below the previous close of 15.70.
- Wed 05 Jul 2023 up Opened at 16.50, +3.12% above the previous close of 16.00.
- Tue 04 Jul 2023 up Opened at 16.85, +4.98% above the previous close of 16.05.
- Mon 03 Jul 2023 up Opened at 16.30, +2.52% above the previous close of 15.90.
- Fri 30 Jun 2023 up Opened at 16.85, +4.66% above the previous close of 16.10.