ilmscore | Path to Profitability: Fair Value Gaps Explained

Predictions from this Video

Total: 3
Correct: 0
Incorrect: 0
Pending: 3
Prediction
Topic
Status
When price retraces into a bullish fair value gap and shows buy orders, it is predicted to push higher.
"What will typically happen is price will want to come down and if price ends up filling this gap and we see buy orders out of it, what will that cause price to do? It will cause price to push higher."
Price Action (Fair Value Gaps)
Pending
When price in a downtrend retraces into a bearish fair value gap and shows sell orders, it is predicted to push lower.
"So if we are in a downtrend and price pushes into this imbalanced price action and we see sell orders coming out of that... If we are able to fill orders in this gap, we are going to be able to push price lower."
Price Action (Fair Value Gaps)
Pending
A bullish candle closing above a bearish fair value gap (disrespecting it) invalidates the gap and typically signals a trend change to move higher.
"If we get a bullish candle closure above our bearish fair value gap, that fair value gap is no longer valid... That typically means the trend has changed and we are going to move higher."
Price Action (Fair Value Gaps)
Pending