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19:46
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Originally posted by rohitchoksi:
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Let me explain what I've learnt from age 16 from one of the best 40+ year experienced Technical Analyst, a family friend, father figure of sorts and also many others over the years of paid Technical Analysis trainings. Those days there were no computers plotting charts. I used to help my 'Guru' plot daily OHLC price movements from a daily finance newspaper onto a specially printed large A3 sized graph chart paper. We used to also make Weekly and Monthly charts similarly from the daily chart data. The Gap theory it is something known to most technical analysts, its in many Books published thereafter and also a part of a training curriculum. Certainly used by traders globally.
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Suggest you look up the term “runaway gap”.
(20min delay)