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US stock market · price-structure setup

Gap down on Invesco QQQ ETF

On Invesco QQQ ETF the gap down showed up 196 times. The target came first 37% of the time, the stop 62%, and 1% went nowhere within 12 candles.

Counted on Invesco QQQ ETF: daily candles from January 2015 and hourly candles from October 2024.

By timeframe

TimeframeFoundTarget firstStop firstWent nowhere
Daily9736%63%1%
Hourly9938%61%1%

Invesco QQQ ETF against the rest

ChartsFoundTarget firstStop firstWent nowhere
Invesco QQQ ETF19637%62%1%
All US stock market charts4,69536%61%3%
Every market10,85636%61%4%

Year by year

YearFoundTarget firstStop first
2016956%44%
2017367%33%
20181145%55%
2019729%71%
20201233%67%
2021933%67%
20221258%42%
202330%100%
2024157%93%
20256038%60%
20265538%60%

The last 8 times

Counted by the Trading Class research engine on real past candles: entry at the signal candle's close, target 1.5 × ATR(14), stop 1 × ATR(14), 12 candles to decide, a candle that touches both counts as the stop. How we count. Past data, not a forecast and not advice.

What the gap down is

Price opened below the previous candle's low. It jumped down between the two candles.

Imagine a shop that shuts at night. While it is closed, bad news spreads about a toy, so when the shop opens, the very first price is already below anything paid the day before. On a chart, a candle that starts below the bottom of the candle before it is called a gap down.

The full gap down lesson, video and quiz ›

Other patterns on Invesco QQQ ETF

Inside bar · Stochastic bearish cross · Gap up · Stochastic bullish cross · Spinning top · MACD bearish cross · RSI overbought drop · Doji · EMA 9/21 bullish cross · EMA 9/21 bearish cross · all of them

The gap down elsewhere

Dow Jones · S&P 500 · Nasdaq 100 · Alibaba · Tesla · Broadcom · Oracle · Nvidia · Microsoft · Meta · Sensex · Nifty 50 · Nikkei 225 · Sony

Questions

How often does the gap down work on Invesco QQQ ETF?

In 196 cases on Invesco QQQ ETF, the target (1.5 × ATR) came before the stop (1 × ATR) 37% of the time and the stop came first 62%; 1% went nowhere within 12 candles.

What is the gap down?

Price opened below the previous candle's low. It jumped down between the two candles.