OASIS FORUM Post by the Golden Rule. GoldTent Oasis is not responsible for content or accuracy of posts. DYODD.

Gaps

Posted by goldielocks @ 5:55 on July 29, 2014  

For those reading both sites. FGC mentioned gaps with a chart. Not all gaps get filled or say maybe for a while or when a company is tanking ┬áin a gap down. Here’s something to watch. A gap up is usually followed in short order an attempt to fill the gap ( red candle). If the attempt fails you can pretty sure bet it’s gonna keep going up but still have to keep in mind support resistance unless a parabolic move. If on the other hand the attempt to fill the gap succeeds ( red candle fills gap) shortly after gap is made you can pretty well guess it’s gonna continue down. Not all follow this general rule but most do because it signals one bulls have control or two bears have it. Nevertheless it’s not a one size fits all.

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Post by the Golden Rule. Oasis not responsible for content/accuracy of posts. DYODD.