Really simple question
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  1. #1
    Join Date
    Aug 2011
    Posts
    1

    Question Really simple question

    Hi all,

    http://www.babypips.com/images/2016/...LF5ZlaZDxA.png

    http://i.investopedia.com/inv/dictio...ootingstar.gif

    I have always thought that the point of previous bar's closing would be the the point of the next bar's opening. Then i chanced upon this shooting star setup which i got no idea how this would even happen.

    With the 2 examples i found online, i would like to know how can the second bar's opening not sync with the previous bar's close? Because of this, i got a hard time trying to understand several types of candlestick pattern.

    Hope someone would enlighten me.

  2. #2
    Join Date
    Apr 2016
    Posts
    112
    Price can "gap" UP or down. Normally happens Sunday when the markets reopen after the weekend. It is sometimes assumed that a gap up or down is linked to strong buying or selling pressure in the direction of the gap, but it really depends on the context.

  3. #3
    Join Date
    Jan 2016
    Location
    Frankfurt - Germany
    Posts
    1,052
    Quote Originally Posted by skylarkz View Post
    Hi all,

    http://www.babypips.com/images/2016/...LF5ZlaZDxA.png

    http://i.investopedia.com/inv/dictio...ootingstar.gif

    I have always thought that the point of previous bar's closing would be the the point of the next bar's opening. Then i chanced upon this shooting star setup which i got no idea how this would even happen.

    With the 2 examples i found online, i would like to know how can the second bar's opening not sync with the previous bar's close? Because of this, i got a hard time trying to understand several types of candlestick pattern.

    Hope someone would enlighten me.
    the pictures you posted are 30 years old.

    like comparing a painted picture to a digital photography with 25 megapixels.

    back then when those pictures were taken the markets were less digitalized and such gaps happend often nearly inbetween every session. they didnt mean anything back then (except they were between daily closes or weekend closes) and today you can ignore the very details of those picturees.just concentrate on the pattern leave out the gaps on the example pictures.

  4. #4
    Hey Skylar Jerry here how's Forex working for you? did you manage to crush it yet?

  5. #5
    Join Date
    Nov 2016
    Location
    NYC yeah
    Posts
    8
    Quote Originally Posted by 123jerryg View Post
    Hey Skylar Jerry here how's Forex working for you? did you manage to crush it yet?
    Yep I was gonna ask that too

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