Genuinely beautiful example of a gap fill on Google (GOOG)
A gap (green box) created on October 12 after the market opened higher was eventually filled, becoming a launchpad for price (red price).
Notice the price behaviour around support resistance areas marked in pink.
Fibonacci targets were 50%, .618 and .786 (green price) with the move ultimately overperforming a little.
One of the only big tech in the green on open today...
A gap (green box) created on October 12 after the market opened higher was eventually filled, becoming a launchpad for price (red price).
Notice the price behaviour around support resistance areas marked in pink.
Fibonacci targets were 50%, .618 and .786 (green price) with the move ultimately overperforming a little.
One of the only big tech in the green on open today...
