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Pitching wedge is typically at 45-48 degrees and the sand wedge is 56-58 degrees. Filling the gap would be bagging a club that is between 50-54 degrees so that you have a club to handle those in between shots.
Mentor
It’s from a technical analysis theory that when stock prices make a step change in price, the market will want to go back and fill in the gaps.
Look at the Apple price chart below. It stepped up twice after earnings so there’s a gap around $105 and another one at $95. So Apple would need to go back to those price levels to close those gaps. Technical analysts use gaps like this to find potential price levels the stock could revisit. So from a technical perspective you’re looking for Apple to break down to the first gap and then maybe go back to $95 at some point in the future.
Theres no fundamental reasons why this should happen, but it seems to be a recurring pattern so it’s something to consider.
Mentor
You’re welcome and thank you for the kind words.
Investing and trading isn’t out of reach for people on FB, but it’s also not easy to know where to start. I did very well for years just doing index funds but I really wish I had been more sophisticated in my investments. I’m very concerned that index fund investing will flounder for several years as we work through the current macro conditions. I’m not willing to accept losing gears of investment growth and income just because a passive stance is easier.
Hoping to inspire someone else to explore a bit earlier in their investing career than I did.
Getting railed by the market
Gap is price difference in a chart where the step doesn’t overlap. This is very common between close price and next day open price. Filling the gap just means the prices goes back to the price before the gap, eg the empty space of the price gap is ‘filled’.