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Markets › Nvidia › Gap down

US stock market · price-structure setup

Gap down on Nvidia

On Nvidia the gap down showed up 151 times. The target came first 32% of the time, the stop 67%, and 1% went nowhere within 12 candles.

Counted on Nvidia: daily candles from January 2015 and hourly candles from September 2024.

By timeframe

TimeframeFoundTarget firstStop firstWent nowhere
Daily6441%58%2%
Hourly8725%74%1%

Nvidia against the rest

ChartsFoundTarget firstStop firstWent nowhere
Nvidia15132%67%1%
All US stock market charts4,69536%61%3%
Every market10,85636%61%4%

Year by year

YearFoundTarget firstStop first
2016450%50%
2017540%40%
2018850%50%
2019617%83%
2020633%67%
2021650%50%
20221050%50%
2023475%25%
2024911%89%
20256227%71%
20263126%74%

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 Nvidia

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

The gap down elsewhere

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

Questions

How often does the gap down work on Nvidia?

In 151 cases on Nvidia, the target (1.5 × ATR) came before the stop (1 × ATR) 32% of the time and the stop came first 67%; 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.