Common Gap Retraced- JBLU Follows The Common Gap Rule
filed in Articles on Mar.25, 2009
What is a common gap?
A common gap is a price gap on a chart that is filled (retraced) within a few trading days.
In this case, JBLU (Jet Blue Airways) opened with a small gap on March 11, 2009. The price met resistance @ the 20 period EMA and began to pullback. The retracement could have […]
