For JE specifically: an orderly PA between the sessions is a healthy progression, and often these gaps are filled , though not always at that the current session. The Intersession gap seldom is left open to be filled in eventually, these moves are created by specific strong market shifts, otherwise the minimum that is reached is the intersession gap being filled, that allows for the more orderly flow of the marked in the direction related to the market momentum and trend on a larger TFs The importance of GAPs on indices is also directly linked to (pit time) the open NYSE session in relation to NASDQ and DOW It is during the open session that big traders really trade the assets, apart from session time it is a bit hocus pocus, and MM have a good fil It might change when 23/5 is introduced The above is a big shortcut mentioning the basic rationale re these specific gaps on Indices. There is more, all common sense when one thing about how the flow of the market is created, hidden for a while and perceived by the attentive minds, nothing special, just manipulation to take advantage of undisciplined and careless traders.[/quote]
Examples of Intersession Gaps on DOW
Examples of Intersession Gaps on DOW
Slain the dragon, take the treasure. Use it wisely, do not become a dragon.