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Showing posts from December, 2022

How to trade the gap up or gap down opening .

W D Gann Trader @Bjybnf My 8 years of experience in 5 min. A thread on how to trade the gap up or gap down opening. There are three factors to monitor to determine whether the gap is real or trapped. The three factors are volume, opening price, and pullback. 1. Gap and Go Trading Strategy :- - Price gap above the previous day's high. - Wait for the completion of the first candle. - Volume should be high and should be helpful in the direction of gap. - Mark opening range. - Entry on breakout of day's high value must be above vwap. Gap-fill Reversal Trading Strategy:- When a market gaps up, then the gap act as a support level for any pullback. Pullback Tests of gaps on lighter volume tell that the issue does not have enough energy to get through the gap.  Instead .the gap becomes support and any bullish signal is triggered by our buy entry - Wait for the price gap up - Wait for a stock to pull back to its prior day’s close and fill the gap. Two types of Pullback :- - Price gap...