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Re: 10thMountain post# 2663

Thursday, 04/18/2024 8:58:05 PM

Thursday, April 18, 2024 8:58:05 PM

Post# of 3006
More links for candlesticks gap analysis. You can believe whatever you want to believe, that's your choice. The literature doesn't confirm your belief. No point arguing with me, argue with the experts in the field. I gave you links. Remember its is not what I say but keep you mind open to where the majority of the literature converges.

In an upward trend, a gap is produced when the highest price of one day is lower than the lowest price of the following day. Conversely, in a downward trend, a gap occurs when the lowest price of any one day is higher than the highest price of the next day.



https://en.wikipedia.org/wiki/Gap_(chart_pattern)

Here is one more link:

The gap theory in technical analysis signals a price movement that has occurred on a stock to a point that is higher than its highest point on the preceding day. It happens when no shares change hands and occurs most often in steady markets; those without trends.



https://www.investopedia.com/terms/c/commongap.asp#:~:text=A%20gap%20fill%20in%20technical%20analysis%20is%20when%20the%20price,of%20the%20pre%2Dgap%20candlestick.

Also look at the candlesticks chart in the above link.

My posts are my opinion, not intended for investment advice. Always do your own dd before buying, selling or holding securities.