Weekly gap is / was 20 - 23.5 and is now closed.
The weekly has closed within the 90% range (1- 6 periods) and is just as relevant and meaningful as the daily.
It matters not that the daily gap is still open. It will either close or not. I still think not but don't care either way.
That daily has been open for 21 periods & is less likely to close as each day passes.
That is not to say that it wont still close, just that the likelihood diminishes over time.
We have just witnessed (again) the usual shenanigans by the smart money, nothing more nothing less.
It is apparent that many have learned nothing from the last panic sell off.
Hang tight.
2018 Charting, page-1822
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