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11C - Slide 4 - Microgaps question
This slide speaks about the significance of microgaps. Al shows a few microgaps here which he defines as the high of the bar prior to the trend bar and the low of the bar after the trend bar (in a bull trend). However, is that a pretty loose definition? As in the photo, the first gap is measured to the most recent swing high before the breakout trend bar (which is two bars preceding the trend bar) and in the 3rd gap drawn from the left, it is measured from the high of the prior bar to the high of the trend bar itself?
The definition is right but the 3rd gap in the picture is wrong (good catch, anyway, it is a subtle detail), the green box should be at the open of the bear bar, not at the high of the bull bar, though most of the time those prices are the same.
Please, @richardhk, have a look on that when possible.