Gapping open in the multi-session trend’s direction, and then extending through the morning, might then spend the balance of the session only hovering around the morning’s extreme. This gap and pause day is then followed by a pullback day (or 1-1/2 days) before the prevailing trend resumes and extends.
Study the setup’s historical occurrences:
This setup has occurred on the following dates:
- 02-02-21
- 03-11-21
- 04-05-21
- 8-30-21
- 12/7-8/21
- 3/22-24/22
- 10-04-22
- 12-21-22