Hello traders!
The gap of 1 minute on an RI futures is a constant phenomenon.
There is a gap up and down.
I took 269 trading days from the sample for the period 2020 and January 2021.
1. If the low of the 1st minute was below the close of the previous day (163 days), then the price in 68 cases closed below the low of the 1st minute.
This is approximately 42%.
This means, rounded, 50/50, that the price will close above or below the low of the 1st minute with a downside gap.
1. If the low of the 1st minute was higher than the close of the previous day (105 days), then the price in 71 cases closed above the low of the 1st minute.
This is approximately 67% (round up to 70%).
This means that with a gap up, in most cases, the upward trend continues.
The sampling period, of course, is not long to speak of a pattern.
Since 2020 was a bull market, the upward gaps continued to move upward.
How do you use the movement of the FIRST minute of trading?
