Previous Day Doji If previous day is a Doji and a Gap happens, trade in the direction of gap.
Previous Day Bullish If previous day is Bullish and Gap Up happens. Profit booking will happen and look for short opportunuties. If previous day is Bullish and Gap Down happens, Bulls will get trapped and they will try to exit. Look for short opportunitities. If previous day is Bullish and flat opening, then market will likely continue. Take long opportunities. Previous Day Bearish If previous day is Bearish and Gap Down happens. Profit booking will happen and look for long opportunuties. If previous day is Bearish and Gap Up happens, Bears will get trapped and they will try to exit. Look for long opportunitities. If previous day is Bearish and flat opening, then market will likely continue. Take short opportunities.
Showing posts with label Gaps. Show all posts
Showing posts with label Gaps. Show all posts
