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Category:BGD
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== General == '''Big Gap Down,''' 80% chance of at least one reversal in the first hour. The bears want a double top or wedge top on a pullback to near the EMA. The bulls want a double bottom or wedge bottom for an early low of the day. When there is Big gap down, odds favor bears: * 85% chance of PB in '''first 2 hours'''. * 80% chance of at least one reversal attempt in the '''first hour'''. (i.e. some kind of TR on the open). * 75% chance '''trending TR day'''. * 70% chance swing down '''after 1pm ET'''. * 65% chance the gap will not close today. * 60% chance of swing down in 1st hour. * if instead it is going up, often pulls back 50% in wedge bull channel. == 4 common outcomes == [[File:BGD 4 Common Patterns.png|thumb|749x749px|alt=|none]] [[Category:Trends]]
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