In progress now Gap at the open · Runs, breaks and structure · reading up
316 hits in 427 candles · test this one alone Sign in to be alertedHit on the latest daily candle — Mon 20 Sep 2021
Gap at the open completed on the candle that closed at Mon 20 Sep 2021, an up reading. That is the newest candle on file, so this is in progress now.
What the candles did
Opened at 33.50, +5.02% above the previous close of 31.90.
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 306 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 306 (52%). Median move in the hit's direction +0.44%; best +50.77%, worst -40.55%. Within the window the move typically reached +8.67% in the hit's favour and -7.15% 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 20 Sep 2021 up Opened at 33.50, +5.02% above the previous close of 31.90.
- Fri 17 Sep 2021 up Opened at 33.80, +6.29% above the previous close of 31.80.
- Thu 16 Sep 2021 up Opened at 33.75, +5.47% above the previous close of 32.00.
- Wed 15 Sep 2021 up Opened at 33.15, +2.00% above the previous close of 32.50.
- Tue 14 Sep 2021 up Opened at 33.75, +4.81% above the previous close of 32.20.
- Mon 13 Sep 2021 up Opened at 33.00, +2.80% above the previous close of 32.10.
- Thu 09 Sep 2021 up Opened at 32.60, +2.03% above the previous close of 31.95.
- Wed 08 Sep 2021 up Opened at 31.75, +1.93% above the previous close of 31.15.
- Tue 07 Sep 2021 down Opened at 31.05, -1.43% below the previous close of 31.50.
- Mon 06 Sep 2021 down Opened at 30.65, -2.23% below the previous close of 31.35.
- Fri 03 Sep 2021 up Opened at 31.65, +2.26% above the previous close of 30.95.
- Thu 02 Sep 2021 down Opened at 30.10, -2.90% below the previous close of 31.00.