Daily charts
- trend is up on daily charts
- today, markets rallied but eventually sold off
- so the gap has been filled
- immediate support 8600-8500
- for trend reversal, 8480 must break
5 min charts
- break from rectangle was short trade
- this was the only safe trade
KPLji...on Nifty spot there is still a 80 ps gap left by today's price.....do we still consider the gap to be filled.. if you could clarify this pls.. thanks
ReplyDeleteI am assuming gap has filled.
DeleteSir,
ReplyDeletethere is no denying that "gap is filled" But will you please elaborate the philosophy of gap fill up We are a bit confused.
Thanks
Visit http://www.investopedia.com/articles/trading/05/playinggaps.asp
DeleteThanks Sir for the link.
Delete