Enter on a bar when price gaps up, moves down the the prior bar's close, then pops back up to the ope. Sell when open or close of bar is lower then prior bar close.
Misc Price Action Thoughts
TL;DR
This blog post discusses a specific price action trading strategy involving entry and exit points based on price gaps and bar closes. It suggests entering a trade when the price gaps up and retraces to the previous bar's close before moving up again, and selling when the open or close of the current bar is lower than the prior bar's close.
FAQ
The strategy involves entering a trade when the price gaps up, retraces to the prior bar's close, and then moves back up.
You should sell when the open or close of the current bar is lower than the close of the prior bar.
Gapping up refers to a situation where the price of an asset opens at a higher level than its previous closing price.
The prior bar's close serves as a reference point for determining potential entry and exit points in this trading strategy.
While the strategy can be applied to various markets, its effectiveness may vary depending on market conditions and asset volatility.