Gaps mark the most obvious element of a pattern landscape. They also provide one of the most profitable setups in all of technical analysis. Continuation gaps rarely get taken out on the first try, except by another gap . Successful trade entry in the direction of support can often be executed as soon as price enters a gap on high volatility. Day traders use this tendency profitably since major reverse gaps rarely occur intraday.
Gaps mark the most obvious element of a pattern landscape.
They also provide one of the most profitable setups in all of technical analysis. Continuation gaps rarely get taken out on the first try, except by another gap . Successful trade entry in the direction of support can often be executed as soon as price enters a gap on high volatility. Day traders use this tendency profitably since major reverse gaps rarely occur intraday. Past congestion breakdown identifies short sale entry points.