Trading Class

Markets › Meta › Gap down

US stock market · price-structure setup

Gap down on Meta

On Meta the gap down showed up 172 times. The target came first 33% of the time, the stop 63%, and 4% went nowhere within 12 candles.

Counted on Meta: daily candles from January 2015 and hourly candles from October 2024.

By timeframe

TimeframeFoundTarget firstStop firstWent nowhere
Daily7633%64%3%
Hourly9632%62%5%

Meta against the rest

ChartsFoundTarget firstStop firstWent nowhere
Meta17233%63%4%
All US stock market charts4,69536%61%3%
Every market10,85636%61%4%

Year by year

YearFoundTarget firstStop first
2016633%67%
2017425%75%
20181050%50%
2019560%40%
20201233%67%
2021911%78%
2022944%56%
2023333%67%
20241030%70%
20255629%64%
20264833%62%

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 Meta

Inside bar · Stochastic bearish cross · Stochastic bullish cross · Spinning top · Gap up · MACD bearish cross · Doji · Volume profile bounce · RSI overbought drop · MACD bullish cross · all of them

The gap down elsewhere

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

Questions

How often does the gap down work on Meta?

In 172 cases on Meta, the target (1.5 × ATR) came before the stop (1 × ATR) 33% of the time and the stop came first 63%; 4% 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.