In progress now Gap at the open · Runs, breaks and structure · reading down
177 hits in 226 candles · test this one alone Sign in to be alertedHit on the latest daily candle — Mon 03 May 2021
Gap at the open completed on the candle that closed at Mon 03 May 2021, a down reading. That is the newest candle on file, so this is in progress now.
What the candles did
Opened at 3.70, -3.90% below the previous close of 3.85.
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 168 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) 81 times of 168 (48%). Median move in the hit's direction -1.13%; best +58.66%, worst -58.48%. Within the window the move typically reached +11.24% in the hit's favour and -7.63% 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
- Mon 03 May 2021 down Opened at 3.70, -3.90% below the previous close of 3.85.
- Mon 26 Apr 2021 down Opened at 3.55, -4.05% below the previous close of 3.70.
- Mon 19 Apr 2021 down Opened at 3.65, -3.95% below the previous close of 3.80.
- Mon 05 Apr 2021 down Opened at 3.80, -5.00% below the previous close of 4.00.
- Tue 30 Mar 2021 down Opened at 4.00, -4.76% below the previous close of 4.20.
- Mon 22 Mar 2021 down Opened at 4.20, -4.55% below the previous close of 4.40.
- Mon 15 Mar 2021 down Opened at 4.40, -4.35% below the previous close of 4.60.
- Mon 08 Mar 2021 down Opened at 4.60, -4.17% below the previous close of 4.80.
- Mon 01 Mar 2021 down Opened at 4.80, -4.95% below the previous close of 5.05.
- Mon 22 Feb 2021 up Opened at 5.55, +4.72% above the previous close of 5.30.
- Mon 15 Feb 2021 up Opened at 5.50, +4.76% above the previous close of 5.25.
- Mon 08 Feb 2021 up Opened at 5.25, +5.00% above the previous close of 5.00.