In progress now Gap at the open · Runs, breaks and structure · reading down
66 hits in 111 candles · test this one alone Sign in to be alertedHit on the latest weekly candle — week of 30 Oct 2023
Gap at the open completed on the candle that closed at week of 30 Oct 2023, a down reading. That is the newest candle on file, so this is in progress now.
What the candles did
Opened at 2.20, -2.22% below the previous close of 2.25.
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 62 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) 24 times of 62 (39%). Median move in the hit's direction -1.73%; best +78.38%, worst -37.09%. Within the window the move typically reached +7.23% in the hit's favour and -9.88% 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 30 Oct 2023 down Opened at 2.20, -2.22% below the previous close of 2.25.
- week of 23 Oct 2023 down Opened at 2.50, -1.96% below the previous close of 2.55.
- week of 16 Oct 2023 down Opened at 2.35, -4.08% below the previous close of 2.45.
- week of 09 Oct 2023 down Opened at 2.50, -3.85% below the previous close of 2.60.
- week of 02 Oct 2023 up Opened at 2.65, +1.92% above the previous close of 2.60.
- week of 25 Sep 2023 down Opened at 2.60, -1.89% below the previous close of 2.65.
- week of 18 Sep 2023 up Opened at 2.45, +2.08% above the previous close of 2.40.
- week of 11 Sep 2023 up Opened at 2.80, +3.70% above the previous close of 2.70.
- week of 04 Sep 2023 up Opened at 2.30, +4.55% above the previous close of 2.20.
- week of 31 Jul 2023 up Opened at 2.10, +2.44% above the previous close of 2.05.
- week of 17 Jul 2023 up Opened at 2.20, +2.33% above the previous close of 2.15.
- week of 10 Jul 2023 down Opened at 2.15, -2.27% below the previous close of 2.20.