POG..how many are STILL watching this for entry?

Only for educational purpose.

This gap filled and bounced this morning from the nov 24th 2008 gap up. I know some dont agree with this type of gap as its not in the books but the whole idea of chartsview is to be unconventional and get different ideas from fellow traders that have there own way of trading. Just remember that people that write books tend to be writers and not traders.
The reason behind this gap trade is the price gapped up and the price never filled that gap from the right hand side as thats the future.
The days young so things will change by the end of the day so bear this in mind.



This is the gap from nov 2008




The days young but if this finishes with a hammer then i would look to go long on the price moving half way down the hammer with stops below from tomorrow onwards. This would be for a short term trade as i expect this to go lower in the long term unless we get a 123 low formation.