Quiz Answers
..In a nutshell, because price never looked like closing lower after the gap up poorly closing bar, an entry could be considered.
A 'rising buy' being the most likely type of entry, there are a couple of examples shown on the chart.
If there had been a marginal downbar on light volume in response, it would have been questionable.....and a clear downbar on strong volume would have suggested it was a probably a liquidity pump.
..
cheers
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- Weekly Charting - 13th April 2018
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