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The Gap Study

Chapter 9

The second entry: when the floor breaks and the gap comes back

What a second entry is, how the levels are recalculated when the floor breaks, the PTON case, and how thousands of second entries behaved.

Sometimes an entry does not go straight. Price enters, moves up a little and then falls below the floor. That is not always the end of the gap: as long as it does not close below its invalidation level, it can enter again.

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