Don’t be sorry mate as it’s just your opinion on how you run your systems.
Gaps are only created by close of days and openings of the next day. Full stop. Intraday gaps on smaller time frames are null and void, totally meaningless.
It’s not me making this stuff up, it’s from every chart school and education sites around.
If a stock closes at .033 then .033 needs to be tagged the next day for there not to be a gap otherwise there’s a window left open.
But then we need to focus on how much we regard gaps and if we think they are significant? And this is where we agree, I don’t think today’s gap is that significant at all. It’s certainly not as significant as the candle that was printed, or the associated volume.
So while gaps are a technical price point on any DAILY chart, there are far more important indicators to focus on IMO.
Love your stuff Stevie, it’s great to work through this sort of stuff, helps everyone especially me.
Cheers.
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