FOR PRIVATE STUDY
Based on Market Gap Analysis...shall it hit lows..for study purposes only
Market opened with a gap on Sunday. Today we retested previous high.look left note gap. Sell signal based on retest and wick, which offers great risk to reward trade opportunity. Tight stop loss at gap.. We failed to breach opening gap. Price possibly is not ready yet to advance; Trendline confluence. Price currently at 38% retracement/pullback from sell off this week. ..possibly allows for 200 pips
Based on Market Gap Analysis...shall it hit lows..for study purposes only
Market opened with a gap on Sunday. Today we retested previous high.look left note gap. Sell signal based on retest and wick, which offers great risk to reward trade opportunity. Tight stop loss at gap.. We failed to breach opening gap. Price possibly is not ready yet to advance; Trendline confluence. Price currently at 38% retracement/pullback from sell off this week. ..possibly allows for 200 pips
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.