July 2015
Intermediate to advanced
352 pages
9h 40m
English
book
A Technical Approach To Trend Analysis: Practical Trade Timing for Enhanced Profits
by Michael C. Thomsett
Content preview from A Technical Approach To Trend Analysis: Practical Trade Timing for Enhanced Profits
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Gaps
A lot can be observed about gaps and in Chapter 10, “Mind the Gap—When Price Jumps Signal Change,” these are studied in great detail. For the moment, gaps are examined as confirmation signals for trend behavior. Figure 6.3 displays a strong primary bull trend with a series of specific price patterns involving gaps.
Figure 6.3 Gaps and confirmation (Chart courtesy of StockCharts.com)
In three instances, the strong bullish trend gaps upward as the price slope narrows. Does this mean the trend is coming to an end or just settling down into a less volatile form? This is the question investors have to ask when price moves in one direction very ...
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