kind of sort of in TS. Opening gaps are a lot about
reading the tape. First off if there's an obvious trendline
resistance on the chart and price gaps over that, those have
potential to be breakaway gaps and tends to hold and get stronger,
so first off always look to see if there was an important technical
trendline there. next you can employ a 15/20 min gap rule, if it's
a gap and go price should generally stay above the first 15/20 min
low of the gap
kind of sort of in
Matt, should we be looking at "Trend Day" rules ?
Posted by matt on 4th of Jun 2019 at 01:34 pm
kind of sort of in TS. Opening gaps are a lot about reading the tape. First off if there's an obvious trendline resistance on the chart and price gaps over that, those have potential to be breakaway gaps and tends to hold and get stronger, so first off always look to see if there was an important technical trendline there. next you can employ a 15/20 min gap rule, if it's a gap and go price should generally stay above the first 15/20 min low of the gap
thanks, I haven't heard of
Posted by vinylchild on 4th of Jun 2019 at 02:02 pm
thanks, I haven't heard of the 15/20 rule but thats helpful information for my morning trades