In progress now Gap at the open · Runs, breaks and structure · reading down
60 hits in 69 candles · test this one alone Sign in to be alertedHit on the latest weekly candle — week of 03 May 2021
Gap at the open completed on the candle that closed at week of 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 57 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) 27 times of 57 (47%). Median move in the hit's direction -3.90%; best +44.37%, worst -88.10%. Within the window the move typically reached +11.25% in the hit's favour and -9.00% 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
- week of 03 May 2021 down Opened at 3.70, -3.90% below the previous close of 3.85.
- week of 26 Apr 2021 down Opened at 3.55, -4.05% below the previous close of 3.70.
- week of 19 Apr 2021 down Opened at 3.65, -3.95% below the previous close of 3.80.
- week of 05 Apr 2021 down Opened at 3.80, -5.00% below the previous close of 4.00.
- week of 29 Mar 2021 down Opened at 4.00, -4.76% below the previous close of 4.20.
- week of 22 Mar 2021 down Opened at 4.20, -4.55% below the previous close of 4.40.
- week of 15 Mar 2021 down Opened at 4.40, -4.35% below the previous close of 4.60.
- week of 08 Mar 2021 down Opened at 4.60, -4.17% below the previous close of 4.80.
- week of 01 Mar 2021 down Opened at 4.80, -4.95% below the previous close of 5.05.
- week of 22 Feb 2021 up Opened at 5.55, +4.72% above the previous close of 5.30.
- week of 15 Feb 2021 up Opened at 5.50, +4.76% above the previous close of 5.25.
- week of 08 Feb 2021 up Opened at 5.25, +5.00% above the previous close of 5.00.