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What Is CME GAP?
#CMEGap typically refers to a price gap that occurs on CME (Chicago Mercantile Exchange) futures contracts, especially in $BTC and other commodities. Since the CME is closed on weekends, if Bitcoin or another asset trades on other exchanges during this time, a price difference (gap) can form between Friday's closing price and Monday's opening price.
•Key Points About CME Gaps:-
>The CME closes on Friday and reopens on Sunday evening or Monday morning.
>If #BITCOIN moves significantly over the weekend, the CME's opening price may be different from its Friday close, creating a gap in the chart.
•Gap-Filling Theory:-
*>Many traders believe that CME gaps tend to "fill"—meaning the price often retraces to cover the gap before continuing in its original direction.
*>However, not all gaps are filled, and some may take weeks or months to close.
•Types of Gaps:-
>Common Gaps: Small gaps that get filled quickly.
>Breakaway Gaps: Indicate the start of a new trend.
>Runaway (Continuation) Gaps: Occur in the middle of a trend, showing strong momentum.
>Exhaustion Gaps: Appear at the end of a trend and may signal reversal.
•Why CME Gaps Matter in Crypto Trading:-
>Many traders use CME gaps as support/resistance levels to predict potential price movements.
>Large gaps often attract attention, as traders expect the price to return to fill them.