In progress now Gap at the open · Runs, breaks and structure · reading up
38 hits in 111 candles · test this one alone Sign in to be alertedHit on the latest weekly candle — week of 29 Apr 2024
Gap at the open completed on the candle that closed at week of 29 Apr 2024, an up reading. That is the newest candle on file, so this is in progress now.
What the candles did
Opened at 568.20, +1.52% above the previous close of 559.70.
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 35 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) 22 times of 35 (63%). Median move in the hit's direction +2.16%; best +28.66%, worst -24.13%. Within the window the move typically reached +8.53% in the hit's favour and -5.52% against it.
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 29 Apr 2024 up Opened at 568.20, +1.52% above the previous close of 559.70.
- week of 22 Apr 2024 up Opened at 576.00, +4.45% above the previous close of 551.45.
- week of 15 Apr 2024 down Opened at 529.50, -2.42% below the previous close of 542.65.
- week of 25 Mar 2024 down Opened at 499.10, -1.37% below the previous close of 506.05.
- week of 04 Mar 2024 up Opened at 552.90, +1.01% above the previous close of 547.35.
- week of 12 Feb 2024 up Opened at 575.80, +1.46% above the previous close of 567.50.
- week of 29 Jan 2024 up Opened at 563.65, +2.33% above the previous close of 550.80.
- week of 22 Jan 2024 up Opened at 603.35, +1.92% above the previous close of 592.00.
- week of 18 Dec 2023 up Opened at 601.00, +2.12% above the previous close of 588.55.
- week of 04 Dec 2023 up Opened at 564.00, +1.97% above the previous close of 553.10.
- week of 13 Nov 2023 up Opened at 560.00, +1.26% above the previous close of 553.05.
- week of 06 Nov 2023 up Opened at 542.00, +1.46% above the previous close of 534.20.