DislikedSee the last two charts...
Price came back to the 8ema after pulling away from it. The colored bar can change during the candle if the gap value is +/- .0030. More validity to trendlines perhaps???
How can you use this:
If you see the gap on the 4hr you can monitor a lower timeframe for a long signal thinking that the 4hr gap will be closed or at least tick back up. This is aggressive trading because you are going against the longer term trend which is down. But, these gaps can last several bars so you might go nuts waiting for that long...Ignored
I dont have the nuts to go long at this moment, 1,3000 has been a strong resistance in november and the tweezer on the daily confirms that.
Before I decide to go long I have to wait for a higher high at least above the 89 and the 61.8Fib