In progress now Gap at the open · Runs, breaks and structure · reading up
414 hits in 520 candles · test this one alone Sign in to be alertedHit on the latest daily candle — Thu 19 Oct 2023
Gap at the open completed on the candle that closed at Thu 19 Oct 2023, an up reading. That is the newest candle on file, so this is in progress now.
What the candles did
Opened at 3.60, +4.35% above the previous close of 3.45.
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 404 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) 176 times of 404 (44%). Median move in the hit's direction -1.37%; best +52.46%, worst -44.44%. Within the window the move typically reached +8.70% in the hit's favour and -8.60% 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
- Thu 19 Oct 2023 up Opened at 3.60, +4.35% above the previous close of 3.45.
- Wed 18 Oct 2023 up Opened at 3.45, +4.55% above the previous close of 3.30.
- Tue 17 Oct 2023 up Opened at 3.30, +4.76% above the previous close of 3.15.
- Mon 16 Oct 2023 up Opened at 3.15, +5.00% above the previous close of 3.00.
- Fri 13 Oct 2023 up Opened at 3.00, +3.45% above the previous close of 2.90.
- Thu 12 Oct 2023 up Opened at 2.90, +3.57% above the previous close of 2.80.
- Wed 11 Oct 2023 down Opened at 2.60, -3.70% below the previous close of 2.70.
- Mon 09 Oct 2023 down Opened at 2.50, -3.85% below the previous close of 2.60.
- Tue 03 Oct 2023 down Opened at 2.60, -3.70% below the previous close of 2.70.
- Mon 25 Sep 2023 down Opened at 2.70, -5.26% below the previous close of 2.85.
- Mon 18 Sep 2023 down Opened at 2.85, -5.00% below the previous close of 3.00.
- Mon 11 Sep 2023 down Opened at 3.00, -4.76% below the previous close of 3.15.