Gap Fill or Reject?
The market's tendency is to gap fill, but we can also use the gap areas as potential rejection levels. My approach here is simple, I plan to short the market as we approach and/or reach these gap areas, and I will maintain very tight criteria for my stop loss to avoid getting caught up in a reversal.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.