The day after GAP 1 is Day 1.
Day 5 should have gapped Up but did not GAP UP due to the penetration of Day 3 into Day 2 level. This occurrence lead to delay in pattern follow up.
Worked out to be a great trade.
Day 5 should have gapped Up but did not GAP UP due to the penetration of Day 3 into Day 2 level. This occurrence lead to delay in pattern follow up.
Worked out to be a great trade.
Comment:
Well we can see that once target reached as per the pattern, a huge sell-off occurred.