June 2006
Beginner
352 pages
7h 6m
English
book
Technical Analysis Plain and Simple: Charting the Markets in Your Language, Second Edition
by Michael N. Kahn
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Exhaustion Gaps
The last of the classified types is called an exhaustion gap because it occurs near the end of the move to signal a last push toward new highs or lows. It is sometimes too difficult to identify this type of gap because it appears in a trending market just like a continuation gap. Price action in the days immediately following the gap helps the analyst determine which kind of gap it was. Whereas continuation gaps are followed by a continuing strong trend, exhaustion gaps are followed by more congested, sideways market action. Such signals as oneday reversals help identify which gap has occurred.
Prices usually trade back to fill the gap and when they do, it is a good sign that the move is over. The gap represents the market “frenzy” ...
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I wanted to learn C and C++, but it didn't click for me until I picked up an O'Reilly book. When I went on the O’Reilly platform, I was astonished to find all the books there, plus live events and sandboxes so you could play around with the technology.Addison B.
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