Gap fill : by spike

Check out one of our founders explaining this report in the video below:

This report takes all the days where the gap has filled and checks how far away from the gap price moved before filling. If you're in a trade targeting a gap fill and it moves against you, but within the average spike, you'll have more confidence to stay in your trade. However, once it starts to exceed that average spike, you can become more concerned about the gap not filling. Let's see some examples.

Gap up spike:

After having a gap up, price moves away ( or spikes ) from the gap before coming back and filling it.

Gap down spike:

After having a gap down, price moves away ( or spikes ) from the gap before coming back and filling it.

HOW DO I USE THIS IN MY TRADING ?

This report can help you with your entries, exits, and stop losses, when trading the gap fill strategy. If price moves far enough away from the gap fill, you'll quickly be able to see the likelihood of the gap filling. This is going to depend on the average size of the gap down/gap up spike.