Ticker CGC Gaps To Fill On the Short Side
Gaps can and do fill at some point in time. The rule for gaps is that they always fill. Sometimes it takes a couple years, a few months or days and every timeframe in-between to fill gaps. Once you study a chart and get a good feel for a particular market you'll have a good idea of when gaps fill. One thing you can do is to look back at the chart as far as you like and see when gaps filled. Did some take a few days, a few months? On the chart here you have two gaps to fill. You could plan a short position once price breaks support (SL) if you feel the market is headed down at this time. But do remember gaps fill at one time or another. It's just a question of when. Some sooner rather than later and some later rather than sooner. I would also mention that there are several gaps on the chart yet to be filled looking all the way back to a $1.19. There is opportunity here to plan great trades. Never trade on emotion. Trade by what you feel and yes there is a difference between the two. A vast difference. The later being your natural stealthy intuition which will never lead you astray. Happy trading.
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