Exhaustion Gap, Long

Ideal Market

A downward trend has met a support level.

Enter

Upon reversal to fill gap

Stop

Just below reversal point

Target

38% retracement level

Stopped Out?

Proceed to Continuation Gap...

Trade Management

Exit at 38% level (unless gap is supported by additional chart patterns)

*For a short trade on an Exhaustion Gap, invert the chart and trading strategy.