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Thursday, February 23, 2017 3:57:32 PM
One school of thought takes into consideration a candle's wick and tail. This school would say that yesterday's gap up was filled yesterday as the candle came down to the previous day's candle, then moved back up. This action created a tail on yesterday's candle which filled the gap between the two candles.
The other school does not take into consideration a candle's wick and tail. This school would say the gap up is being filled today. If, during the next few minutes, the pps would move dramatically higher to create a tail, they would say the gap has not yet been filled.
Hope this is a clear enough explanation. I apologize for not including a chart, as a visual aid would be helpful. I haven't posted a chart in such a long time that I've forgotten how to do it. I know this is a lame excuse but anyone can go to stockcharts.com and pull up a chart of $ONCS and refer back to this post while looking at the chart.
Success is never final; failure is never fatal. It's courage that counts.--John Wooden (1910-2010)
Courage is being scared to death, but saddling up anyway.--John Wayne (1907-1979)
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