In progress now Gap at the open · Runs, breaks and structure · reading up
94 hits in 520 candles · test this one alone Sign in to be alertedHit on the latest daily candle — Mon 02 Sep 2024
Gap at the open completed on the candle that closed at Mon 02 Sep 2024, an up reading. That is the newest candle on file, so this is in progress now.
What the candles did
Opened at 579.65, +1.49% above the previous close of 571.15.
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 92 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) 41 times of 92 (45%). Median move in the hit's direction -0.66%; best +15.85%, worst -18.19%. Within the window the move typically reached +4.40% in the hit's favour and -5.24% 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
- Mon 02 Sep 2024 up Opened at 579.65, +1.49% above the previous close of 571.15.
- Thu 29 Aug 2024 up Opened at 583.90, +1.88% above the previous close of 573.15.
- Mon 05 Aug 2024 down Opened at 573.00, -4.18% below the previous close of 598.00.
- Fri 02 Aug 2024 down Opened at 585.00, -1.80% below the previous close of 595.75.
- Wed 31 Jul 2024 up Opened at 612.00, +1.26% above the previous close of 604.40.
- Wed 03 Jul 2024 up Opened at 564.00, +1.16% above the previous close of 557.55.
- Wed 05 Jun 2024 up Opened at 454.55, +1.15% above the previous close of 449.40.
- Mon 03 Jun 2024 up Opened at 501.95, +2.17% above the previous close of 491.30.
- Tue 23 Apr 2024 up Opened at 411.35, +1.23% above the previous close of 406.35.
- Mon 22 Apr 2024 up Opened at 400.00, +2.80% above the previous close of 389.10.
- Mon 15 Apr 2024 down Opened at 387.00, -1.59% below the previous close of 393.25.
- Fri 12 Apr 2024 down Opened at 401.10, -1.06% below the previous close of 405.40.