Regression Channel Trading with Weekly & Daily Gaps
Look how this 60 min regression channel respected the channel top, center, and bottom channel lines. More importantly, look at how we kept bouncing around between weekly and daily gaps filling unfilled orders. Just because we fill a gap once doesn't mean it's not good anymore. Proof that gaps are a great support and resistant lines to spot reversals intraday. Drop down to the 30 min chart and you spot several opportunities.
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