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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Runaway Gaps
Another form of gap is the runaway gap, also called the measuring gap. This is normally found during trending movement, often as part of a secondary trend working against a primary trend. When runaway gaps appear, it might indicate a short-term move in the indicated direction, which is likely to revert to the previous or primary trend direction.
Key Point
A runaway gap might be part of a strong and evolving trend, often found in a secondary trend of great momentum but short duration.
Another type of runaway gap occurs right after price makes a move and is supported by the strong gapping action, providing confirmation of a continuation in the new trend. In other words, runaway gaps can mean many different things and should be ...
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