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(Created page with "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...") |
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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. | 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. |