Chartaholic

Gap Lower and Reversal

BATS:SPY   SPDR S&P 500 ETF
55 0 0
Price gapped lower at the open yesterday. The opportunity was to buy the strong bull opening bar, which was followed with a higher high bull bar. The 1m chart shows that the retracements of the 3 or 4 bull bars were small suggesting that a reliable trend was in place for a trade. Price continued to push higher through the prior afternoon's resistance. This set the stage for a nice morning rally, which later sold off in the afternoon.
United States
United Kingdom
India
Deutschland
France
España
Italia
Polska
Türkiye
Россия
Brasil
Indonesia
Malaysia
Việt Nam
日本
한국
简体
繁體
Home Stock Screener Forex Signal Finder Cryptocurrency Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing My Support Tickets Priority Support Contact Support Ideas Published Followers Following Private Messages Chat Sign Out