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Sorry mate but unfortunately it doesn't work that way. The gap...

  1. debono
    23,019 Posts.
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    26/02/21
    16:32
    Post #: 51369823
    Sorry mate but unfortunately it doesn't work that way. The gap is from the 21st to 29th. Previous candles prior to the gap mean zilch. Breakaway gaps however don't need to close.
    The only hammer showing on your chart is 17th Feb and that is also incorrect as the close was .015 not .016 which made it a dragon fly doji. Alos positive and strong success rate but this one failed which indicated weakness.
    Some reading here
    Playing the Gap (investopedia.com)
    Hammer Candlestick Definition and Tactics (investopedia.com)
    Dragonfly Doji Candlestick Definition and Tactics (investopedia.com)
    XST Price at posting: 1.1¢ Sentiment: Buy Disclosure: Held
    Likes Created with Sketch. 7  Upvote
    lightbulb Created with Sketch. 2  Great analysis
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