UJ Gap Close Trade: May 21

22 mag 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.

22 mag 2018

Nota

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

22 mag 2018

Nota

Here is why I think the gap might get filled exactly

22 mag 2018

Nota

Almost there.
It may spike lower before stopping

22 mag 2018

Nota

.
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.

22 mag 2018

Nota

.
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)