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I know that first you have to watch and study the videos, I know that there is an encyclopedia of patterns,,,,, but after watching many videos this is the first time that I have come across a "buy set up" called: 20 gap bar buy set up" Has anyone seen more buy or sell set up? (please read the initial context.)
As far as I know, there are two types of moving average gap bar setups
20 Gap bar buy setup is when the market has been completely above the moving average for 20 bars (did not touch it for 20 bars) and traders place a limit order to buy at the moving average, hoping/waiting for the market to touch it, fill their orders, and reverse.
On your screenshot, that's the bar where Al has his pointer on (red dot).
Moving average gap bar setup (you will learn more about that in Video 22C) is when a bar is completely below the moving average, traders will buy above its high.
Blue box on your screenshot.
