Trading Class

Markets › Invesco QQQ ETF › Gap up

US stock market · price-structure setup

Gap up on Invesco QQQ ETF

On Invesco QQQ ETF the gap up showed up 241 times. The target came first 38% of the time, the stop 53%, and 9% 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
Daily9551%46%3%
Hourly14630%58%12%

Invesco QQQ ETF against the rest

ChartsFoundTarget firstStop firstWent nowhere
Invesco QQQ ETF24138%53%9%
All US stock market charts5,18341%53%6%
Every market12,76840%54%6%

Year by year

YearFoundTarget firstStop first
2016743%43%
20171050%50%
2018450%50%
20191669%25%
20201450%50%
2021520%80%
202250%80%
2023786%14%
20241443%50%
20259329%60%
20266636%53%

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 up is

Price opened above the previous candle's high. It jumped up between the two candles.

Imagine a shop that shuts at night. While it is closed, everyone hears great news about a toy, so when the shop opens, the very first price is already above anything paid the day before. On a chart, a candle that starts above the top of the candle before it is called a gap up.

The full gap up lesson, video and quiz ›

Other patterns on Invesco QQQ ETF

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

The gap up 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 up work on Invesco QQQ ETF?

In 241 cases on Invesco QQQ ETF, the target (1.5 × ATR) came before the stop (1 × ATR) 38% of the time and the stop came first 53%; 9% went nowhere within 12 candles.

What is the gap up?

Price opened above the previous candle's high. It jumped up between the two candles.