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Markets › Nasdaq 100 › Gap down

US stock market · price-structure setup

Gap down on Nasdaq 100

On Nasdaq 100 the gap down showed up 201 times. The target came first 38% of the time, the stop 61%, and 0% went nowhere within 12 candles.

Counted on Nasdaq 100: daily candles from January 2015 and hourly candles from October 2024.

By timeframe

TimeframeFoundTarget firstStop firstWent nowhere
Daily11736%63%1%
Hourly8442%58%0%

Nasdaq 100 against the rest

ChartsFoundTarget firstStop firstWent nowhere
Nasdaq 10020138%61%0%
All US stock market charts4,69536%61%3%
Every market10,85636%61%4%

Year by year

YearFoundTarget firstStop first
20161145%55%
2017540%60%
20181250%50%
2019944%56%
20201429%71%
20211233%67%
20221354%46%
202350%100%
20241323%77%
20255139%61%
20265639%59%

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 Nasdaq 100

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

The gap down elsewhere

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

Questions

How often does the gap down work on Nasdaq 100?

In 201 cases on Nasdaq 100, the target (1.5 × ATR) came before the stop (1 × ATR) 38% of the time and the stop came first 61%; 0% 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.