Thanks for your question Mark - The downward gap is relevant because when you see a down gap, and when you are a trader looking for direction and trade opportunities - the knowledge of a gap down can be immensely useful in positioning yourself for an entry. Because you have a HIGH probability of filling the gap (and thus moving higher in the direction of the gap fill). thanks
RE: This Weird Pattern Has Repeated for 100 Years on Stock Markets
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This Weird Pattern Has Repeated for 100 Years on Stock Markets