Followers of know that Gaps are of three types:
1. Break-away Gap;
2. Continuation Gap;
3. Exhaustion Gap.
Till now, I have been considering this 9622-9637 gap as exhaustion gap (and divergence and break-down as well as the solidity with which 9600CE writers retained their positions despite their fortress 9655-9660 remaining under threat, lent support to this view.) And mind you, both the abovesaid reasons remain true as I write this.
Then, what has changed?
Only one thing---- this Gap has withstood for three days and that's rare for Exhaustion Gap, which is known to leave everyone gasping for breath.
Now lets look at the Hourly Chart:
It shows how the Gap has remained unfilled and how the Price Candles have become Long-legged as they entered this Gap.
Though some Pattern lovers may cite the following
Others may point at the breach of descending as follows
Then what's the Conclusion??
My threshold for tmrw--- on the upside is 9678.55 and on the downside is 9630.2