LOL...What a huge pullback. Almost (ALMOST) always happens whenever there has been 3 gaps in a trend look for a reversal. It is called
"Sanku". It is why I ALWAYS look and mark gaps (big and small) on my chart. Most of the time it is only on my 8 because that is the chart I enter a trade on.
Look at an 8 chart. 3 gaps up. And @ 1:14 - 1:22 the gap closed. Nice real nice...$$$$ So I left my call at 9:50: 03 and drew a regression line off the candle close @ 9:54. This is why I love gaps trades. PS I use my regression line on Qcharts to mark my trends. I don't know if ya'll have a regression line or not.
LOL look what happened when the 5 moving average x'd the 10 and then when they both x'd the 20!
just plain
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Edited 1 time(s). Last edit at 08/13/2019 01:59PM by Darcy3.