In progress now Gap at the open · Runs, breaks and structure · reading up
284 hits in 360 candles · test this one alone Sign in to be alertedHit on the latest daily candle — Tue 15 Jun 2021
Gap at the open completed on the candle that closed at Tue 15 Jun 2021, an up reading. That is the newest candle on file, so this is in progress now.
What the candles did
Opened at 7.60, +4.83% above the previous close of 7.25.
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 276 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) 159 times of 276 (58%). Median move in the hit's direction +3.96%; best +57.50%, worst -54.93%. Within the window the move typically reached +14.81% in the hit's favour and -6.70% 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
- Tue 15 Jun 2021 up Opened at 7.60, +4.83% above the previous close of 7.25.
- Mon 14 Jun 2021 up Opened at 7.25, +4.32% above the previous close of 6.95.
- Fri 11 Jun 2021 up Opened at 6.95, +4.51% above the previous close of 6.65.
- Thu 10 Jun 2021 up Opened at 6.65, +4.72% above the previous close of 6.35.
- Wed 09 Jun 2021 up Opened at 6.35, +4.96% above the previous close of 6.05.
- Tue 08 Jun 2021 up Opened at 6.05, +4.31% above the previous close of 5.80.
- Fri 04 Jun 2021 down Opened at 5.40, -3.57% below the previous close of 5.60.
- Wed 02 Jun 2021 up Opened at 5.95, +4.39% above the previous close of 5.70.
- Tue 01 Jun 2021 up Opened at 6.05, +4.31% above the previous close of 5.80.
- Mon 31 May 2021 up Opened at 5.80, +4.50% above the previous close of 5.55.
- Fri 28 May 2021 up Opened at 5.55, +4.72% above the previous close of 5.30.
- Thu 27 May 2021 up Opened at 5.30, +4.95% above the previous close of 5.05.