BillCharison
As we all know, gaps on CME exchange are closed in 93% of cases, and recently these statistics are only more often confirmed. Usually, gaps that weren’t closed, are not significant, they were NOT formed on weekends. However, we can see that during this weekend there was formed an important gap, which has to be covered at least with a wick.
Yesterday we posted an idea about market priority changing — from bearish to bullish. Now the priority remains the same, but so far the resistance at $8350 remains untouched, which can lead us to $7100 support retest. From that level it will be possible to look for reversal patterns, such as double or triple bottom or inversed H&S and fill the bags. After the situation develops we’ll give you an update.
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