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I understand the theory around GAPS but I struggle to determine what time frame is a good place to look of these GAPS. Is it best to find the GAPs in a higher time frame then look into the Lower time frames?
Thank you
Hi Chatarpreet,
Such gaps exist on all timeframes. The TF you're trading will be the primary place to look for them. If later you start utilizing higher timeframes (HTF) then can use gaps from there to guide trading decisions on the primary TF. For example, when trading 5M, and daily chart has a gap up after an extended tight bull trend, the daily market often converts into a TTR for a few days. This may influence your decisions about swing trades on the 5M chart. But when first learning it's best to just stick with gaps on the chart being traded only.
Hope this helps,
CH
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What i gather is that gaps can be of any sorts, the one Chatarpreet you're pointing at is the pullback test of the breakout, where wicks are overlapping making it a negative gap. It doesn't matter the timeframe the gaps are the same for every timeframe, unless you think of daily gap - yesterday's close vs today's open.
