Oops, a gap fade

...cont'd from yesterday...

Cont’d discussion about The Compleat Guide to Day Trading Stocks

Gap Fade. This is actually Larry William’s Oops Pattern. If a stock’s price opens beyond yesterday’s range and works its way back into yesterday’s range, then enter in the direction opposite that of the gap. That is, if the gap is down, wait for price to work its way back into yesterday’s range and then buy. Vice versa if the gap is up.

...cont'd tomorrow...

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