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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: | '''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: | ||
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* if instead it is going up, often pulls back 50% in wedge bull channel. | * 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]] | [[File:BGD 4 Common Patterns.png|thumb|749x749px|alt=|none]] | ||
[[Category:Trends]] | [[Category:Trends]] | ||