Just hit Gap at the open · Runs, breaks and structure · reading up
306 hits in 520 candles · test this one alone Sign in to be alertedHit 1 session ago — Wed 09 Nov 2022
Gap at the open completed on the daily candle of Wed 09 Nov 2022, an up reading, 1 session before the latest one (which closed at Thu 10 Nov 2022 at 389.00). Since the hit the close has moved -0.26%.
What the candles did
Opened at 395.90, +1.68% above the previous close of 389.35.
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 302 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) 154 times of 302 (51%). Median move in the hit's direction +0.10%; best +49.17%, worst -54.47%. Within the window the move typically reached +5.46% in the hit's favour and -4.97% 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 09 Nov 2022 up Opened at 395.90, +1.68% above the previous close of 389.35.
- Mon 07 Nov 2022 down Opened at 375.50, -3.73% below the previous close of 390.05.
- Fri 04 Nov 2022 down Opened at 384.00, -1.66% below the previous close of 390.50.
- Thu 27 Oct 2022 down Opened at 385.10, -1.26% below the previous close of 390.00.
- Mon 24 Oct 2022 up Opened at 393.60, +1.97% above the previous close of 386.00.
- Thu 20 Oct 2022 down Opened at 365.20, -6.36% below the previous close of 390.00.
- Tue 18 Oct 2022 down Opened at 379.90, -1.43% below the previous close of 385.40.
- Mon 17 Oct 2022 down Opened at 382.00, -1.13% below the previous close of 386.35.
- Thu 13 Oct 2022 down Opened at 382.10, -1.27% below the previous close of 387.00.
- Mon 10 Oct 2022 down Opened at 382.10, -1.34% below the previous close of 387.30.
- Tue 04 Oct 2022 up Opened at 387.95, +1.72% above the previous close of 381.40.
- Mon 03 Oct 2022 down Opened at 379.00, -2.33% below the previous close of 388.05.