Morn all , spi is gunna gap open based on sicko session Frid night and Sat morn .Spi traders don't like weekly gaps .
Haven't updated the fib pattern yet .
I've made reference to a 15 min pattern a few times and this morn it may work for those who are live intraday .
See if u can understand the below .
In basic trim a gap open can be a reversal on a 15 min pattern if it accords to what is drawn .
Maybe the pattern is more specific to a down trend which may explain why it hasn't worked the last 5 days . The below has not been updated and for my own reference and is NOT to be considered trading advice .
SO IF , spi gaps up this morn and closes green on the first 15 min bar then it becomes highly likely the 2nd 15 min bar will be a red one .
IF spi gaps up on open , a given , but closes the first 15 min bar red then the below pic is not relevant .
cheers g
