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Markets › Meta › Gap up

US stock market · price-structure setup

Gap up on Meta

On Meta the gap up showed up 168 times. The target came first 39% of the time, the stop 52%, and 9% 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
Daily7337%53%10%
Hourly9541%51%8%

Meta against the rest

ChartsFoundTarget firstStop firstWent nowhere
Meta16839%52%9%
All US stock market charts5,18341%53%6%
Every market12,76840%54%6%

Year by year

YearFoundTarget firstStop first
2016333%33%
2017757%43%
2018425%50%
201960%50%
2020933%56%
2021333%67%
2022633%67%
2023850%50%
20241030%70%
20256638%53%
20264648%46%

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 Meta

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

The gap up 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 up work on Meta?

In 168 cases on Meta, the target (1.5 × ATR) came before the stop (1 × ATR) 39% of the time and the stop came first 52%; 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.