tech/a
No Ordinary Duck
- Joined
- 14 October 2004
- Posts
- 20,447
- Reactions
- 6,477
In retrospect, yes it is.
Disagree
At the time of the gap the Resistance was there--still is.
3 days later you have an island reversal.
Without doubt you know this isnt a breakaway gap.
If You were trading this as a breakaway gap then you would have been stopped if you had one.
There was a perfect setup for a short trade when day 2 closed below the gap day.