RE: i wish27 Apr 2022 16:54
@horult heres a spreadbet ive got running today against the UK350 and another method and example where you can see value, gaps normally get filled, UK350 had a gap down from open.
I didnt spot it till late but im going to bet the gap gets filled today. The resistance becomes support once candle has broken through, i was a bit slow and missed the first part of the move up throuigh the restistance once it was through and clear i took my position 'long' and set my 'stop' loss order beow the line of support. MA lines are in the process of fanning our with gaps between them all, this is bullish sign when pointing up, the wider the gap the stronger it is.
After youve look at so many charts you will get the hnag of it, switching time frame up and down one level as well will help you see further a ahead with more accurate degree and also help to cut out the noise of the charts.
You should always use at least one oscillator indicator for confirmation as these are leading indicators, volume and MA are lagging, its good to use both ))
https://ibb.co/GsB8wFQ