Slope of Hope Blog Posts
Slope initially began as a blog, so this is where most of the website’s content resides. Here we have tens of thousands of posts dating back over a decade. These are listed in reverse chronological order. Click on any category icon below to see posts tagged with that particular subject, or click on a word in the category cloud on the right side of the screen for more specific choices.
Yesterday’s large gap into a trend day up off Monday’s retracement was a rare candle so I had a look at similar examples back to the start of 2012 to shed some light on what we can expect to see next. The candles I was looking for:
1. were not immediately after multi-week bottoms so continuation rather than reversal breakaway gaps
2. were at the end of 1-5 day retracements within larger uptrends
3. gapped up substantially and then closed well above the opening print (more…)