In progress now Gap at the open · Runs, breaks and structure · reading down
38 hits in 71 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 0.85, -5.56% below the previous close of 0.90.
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 34 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) 13 times of 34 (38%). Median move in the hit's direction +0.00%; best +42.86%, worst -75.00%. Within the window the move typically reached +21.11% in the hit's favour and -16.23% 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 03 May 2021 down Opened at 0.85, -5.56% below the previous close of 0.90.
- week of 26 Apr 2021 down Opened at 0.80, -5.88% below the previous close of 0.85.
- week of 19 Apr 2021 up Opened at 0.95, +5.56% above the previous close of 0.90.
- week of 12 Apr 2021 up Opened at 0.80, +6.67% above the previous close of 0.75.
- week of 05 Apr 2021 up Opened at 0.90, +5.88% above the previous close of 0.85.
- week of 15 Mar 2021 down Opened at 0.95, -5.00% below the previous close of 1.00.
- week of 15 Feb 2021 up Opened at 1.05, +5.00% above the previous close of 1.00.
- week of 08 Feb 2021 up Opened at 1.00, +5.26% above the previous close of 0.95.
- week of 01 Feb 2021 up Opened at 1.05, +5.00% above the previous close of 1.00.
- week of 18 Jan 2021 down Opened at 1.15, -4.17% below the previous close of 1.20.
- week of 04 Jan 2021 up Opened at 1.50, +3.45% above the previous close of 1.45.
- week of 28 Dec 2020 up Opened at 1.50, +3.45% above the previous close of 1.45.