Trying to make some points here.
Importance of Gap evaluation.
If you manage to identify the gap correctly, you know where you are and what’s the game plan should look like.
1. Exhaustion gap spotted
2. Wait for price to pull back beyond the 8-hour EMA of opens
3. Aim for at least 138 pips from the entry area to the furthest fractal print.
4. Wait for two outside fractals to appear in a declining order and draw a trendline. Every time the price exceeds this line you get an entry for the bow back target.
5. The bow back is shaped by the volatility first compressing then starting to expand. The bow target is in the neighborhood of the closing price (average closing price) of the swing point’s hourly candle / candles.
If this makes a smidge more sense to you than an Elliott Beethoven looking for a beat of the swing point for an entry, clap your hands!