Category:BGU

Big Gap Up so 80% chance of at least one reversal in the first hour. The bulls want a double bottom or wedge bottom on a pullback to near the EMA. The bears want a double top or wedge top for an early high of the day. When there is Big gap, odds favor bulls:

• 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 up after 1pm ET.
• 65% chance the gap will not close today.
• 60% chance of swing up in 1st hour.
• if instead it is going down, often pulls back 50% in wedge bear channel.