UJ Gap Close Trade: May 21

May 22, 2018

An idea about how to trade this gap.
Some people trade towards closing the gap.
Some people trade after close of gap, assuming resumption of trend.

Lets see how this one plays out.

May 22, 2018

Note

Oh yeah, I also like to throw the 764 in there

May 22, 2018

Note

Here is why I think the gap might get filled exactly

May 22, 2018

Note

Almost there.
It may spike lower before stopping

May 22, 2018

Note

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Hmm, bears might be running out of juice.,
Low volume time of day, but the .705 retracement may have bounced it.
Besides the 764 and 786, I was told about the 705 by TV user ronfkingswanson
And the 705 seems to do the trick sometimes. Watching closely, see what UK does.

May 22, 2018

Note

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So the 705 retrace seems to have given a good bounce around London Open.
Measuring the bounce now to evaluate the likely hood of return to gap soon (hours)