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Re: kickask post# 16546

Friday, 04/09/2021 11:01:16 AM

Friday, April 09, 2021 11:01:16 AM

Post# of 37836
Hi kickask....

Nope...look closely at the chart I posted and then look at this gap:

The close of 1/29/21 was .56
The low of 2/1/21 was .66

Many traders believe a gap must occur between the high of one day and the low of the next. No...you cannot ignore the gaps that occur between THE CLOSE of one day and the low of the next. There is a gaping .10 gap between 1/29/21 and 2/1/21... but the low of 3/5 was only .60. It would have had to go down to .56 to fill it...and it did not.

Make sense...?

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