Filling a $100 gap on an M pattern, before continuing down.

28 Kas 2020

On the daily version of this chart, there is a clear M pattern, movement down, and we retraced ALMOST to the apex of the M, but there's a clear $100 gap.

Seeing as the 4 hour is showing some bullish signs; i'm wondering if we don't fill that gap as a sort of fake out to the upside; before continuing down.

Let's see.

28 Kas 2020

Not

I don't have enough reputation points to post the image of the daily chart, showing the gap... but here it is:

/x/GT4K4Llz/

24 Ara 2020

İşlem kapandı: hedefe ulaştı

This used the momentum of the M formation to shoot straight up.

The long trade was valid; just way short on the potential profitability.