Gaps also act as pivots - Traders Laboratory

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Gaps also act as pivots

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08-10-2006, 10:00 AM

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Gaps also act as pivots

A gap fill will also act as a line of resistance or support. In this example, notice how the gap fill acted as a pivot and prices dropped for a quick 40 points. This is an opening gap setup. You have to be quick to pull the trigger.

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