Intraday after gap down: bias down for rest of day.
Shorts work better
Rallies/gap fill attempts usually get shorted.
buying panic open can also give profits with small trailing sl.
Buying at close after gap down can give profits in a bull market if position is held for 2-4 days.
All tests done on nf.
The most popular technique for gap trading is to a trade with gap . use breakout/continuation/exhaustion principles.
And the anti gap setup is the larry williams oops setup which buys on gap fill above previous low.
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