This is the first course in a series of 60-Days called “Technical Analysis Training”
You will get daily one series of this Training after 8 O’clock night (Dinner Finished)
Follow MoneyMunch.com Technical Analysis Directory and Learn Basic Education of Technical Analysis on the Indian Stock Market (NSE/BSE)
Gap Down Chart Pattern
Effects of Gaps
Gaps generally present important areas of support or resistance. A Gap Down will indicate different instances based in the context in which it was formed. A Gap Down in a downtrend may indicate a previous level of support possess been broken and today forms a resistance amount. A Gap Down in a powerful uptrend may suggest any end to, or maybe a reversal of, the earlier uptrend. Gaps supply an indication of the financial instrument’s SHORT-TERM outlook.
Story
A Gap Down forms when the high for a period (generally a day) is lower than the previous period’s low.
Trading Considerations
Since Gaps express important regions of support or resistance they may be utilized to measure the strength of moves. If a price tag breaks via a Gap it is almost always an alert of the significant price point move.
Criteria which Supports
Three Gap Downs inside a trend suggest a possible end to, or perhaps reversal of, that trend. The 3 Gaps dont have to take place on top of sequential days, however might form many days aside.
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