KO
koolblue
Rep: 48,651
Posts: 16,032
Some thing to ponder, besides the 872.50 21 day moving avg on the daily chart.... 1008.50 top- 739 low was 269.5 points and a 50% retracement is ...(drumroll),... 873.75 Small wonder the 872.50-877 zone is giving at least some short term resistance. Also note that the entire crash from the May top at 1441.00 to the crash low at 739.00 is 702 points. 0.236 retracement comes in at 904.50. REMEMBER THE DAILY PROJECTION OF 904.50?(STILL VALID UNLESS 739 IS TOUCHED AGAIN).
TU
Turk
Rep: 0
Posts: 92
I have always liked having orders resting and it is important for me to know when a bar paints. Can't do that with the tick charts.
VO
VOwater
Rep: 133
Posts: 4,121
if you have good data you will see that the 7:42 candle closed @ 56.25 and the 7:45 candle opened at 56...the 7:45 candle never traded higher than 56...hence the GAP