The Gap Fill Setup

Notes on the chart.
Happy weekend.

Komentarz:

Gap filled without any retracement. It happens, may a times we want markets to follow our plan but it surprises us with its own plan. But I am happy that the predicted direction was right.
Why I did not buy on the gap up was because of unfav. risk-reward.
Anyways there are and there would be many such opportunities.

Komentarz:

As expected, below 550 the stock gave a quick 5 point move to 545.