Brilliant. I love the study. I've heard of people talking about those gaps but I never bothered to check the stats.
All that said it makes sense since the study uses arguably biassed data. The outcome was predictable before the study was written.
But given how big a role psychology plays in trading it should be about as valid as support and resistance.
All that said it makes sense since the study uses arguably biassed data. The outcome was predictable before the study was written.
But given how big a role psychology plays in trading it should be about as valid as support and resistance.