RE: Golden Cross10 Jan 2023 11:02
I take a broad view Chancer with small caps and mix up various tools/methods to draw my decisions - TA is still really important irrespective of cap size, liquidity etc. from my own personal perspective, its a bit like driving a car without sat nav. It surprises me the amount of investors that do not follow the basics of TA, but that's up to them.
Back to your question on FVGs - I held yesterday and did not attempt to trade the gap that exist at 2-215. 4 gap types in general terms exist, and this is a breakaway gap. If you wanted any type of gap least likely to be filled, its the breakaway gap, and right now looking at level 2, it really is 50/50 whether this will be filled. Right now it looks unlikely. The exciting gap which I've had my eye on for months is at 4.26 - 6.50. This has been there since the financing deal slump period.
News remains the No1 over and above everything with small caps. All IMO of course, and everyone interprets various trading tools with different levels of importance.