The setup from the "looks like a buy" Reel: a bullish gap that price closes straight through, the flip from support to resistance, the new bearish gap on top of it, and where the entry, stop and target go — plus the honest answer to "take it every single time". This free lesson covers: Looks like a buy, Trend first, Which chart qualifies?, The fail: a body close, Wick or close?, The flip, The overlap, Find the overlap, Stop, target, and the exit, Work it out, “Every single time”?, Put it together.
Going deeper
This lesson is the long form of the “looks like a buy” Reel. Its chart is illustrative 15-minute US30 bars: highs 42,320 → 42,240 → 42,170, a respected bearish gap 42,222–42,250, a bullish gap 42,080–42,120 closed through at 42,050, a new bearish gap 42,088–42,128, entry 42,104 in the overlap, stop 42,178, target 41,930. The 1 : 2.4 in the steps is recomputed from those prices.
The setup has not been backtested here. The steps are rules to test on your own charts, not a proven edge.
The mirror image works the same way in an uptrend: a bearish gap that price closes up through flips to support, and a new bullish gap overlapping it is the buy zone, with the stop below the swing low.
The Reel uses 15-minute bars. The idea works the same way on other timeframes, but test the timeframe you actually trade before relying on it.
Then there is no entry. Chasing the move after it has left the zone means a wider stop and a worse trade.
Strategy Playbook · Learn · Step 1 of 12 · about 4 min
A bullish fair value gap usually marks where buyers stepped in. So when price comes back to one, it looks like a buy.
But if price closes straight through it, the gap has failed — and in a downtrend that failure can be a sell setup.