InvestorsHub Logo
Followers 107
Posts 26196
Boards Moderated 0
Alias Born 03/29/2006

Re: abbytraderwin post# 75188

Thursday, 11/18/2010 12:24:27 AM

Thursday, November 18, 2010 12:24:27 AM

Post# of 108201
Here we go again lol. No gaps at open you post???

The market opens with an upward gap (an opening price above the previous close) signaling a bullish sentiment. The benchmark is the opening price. A confirmation is valid if the day’s prices stay above this benchmark. The pattern of this confirmation can be defined as a white candlestick with an upward gap.