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Markets › Tesla › Gap down

US stock market · price-structure setup

Gap down on Tesla

On Tesla the gap down showed up 169 times. The target came first 31% of the time, the stop 64%, and 5% went nowhere within 12 candles.

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

By timeframe

TimeframeFoundTarget firstStop firstWent nowhere
Daily7031%66%3%
Hourly9931%63%6%

Tesla against the rest

ChartsFoundTarget firstStop firstWent nowhere
Tesla16931%64%5%
All US stock market charts4,69536%61%3%
Every market10,85636%61%4%

Year by year

YearFoundTarget firstStop first
2016450%50%
2017333%67%
20181020%70%
2019812%88%
2020650%50%
2021633%67%
2022617%83%
2023771%29%
20241421%71%
20255531%64%
20265032%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 Tesla

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

The gap down elsewhere

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

Questions

How often does the gap down work on Tesla?

In 169 cases on Tesla, the target (1.5 × ATR) came before the stop (1 × ATR) 31% of the time and the stop came first 64%; 5% 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.