Gap in the discount

The cleanest version of the check is a fair value gap that sits inside the discount, worked through on the gold move.

Two marks pointing at the same area is better than either mark on its own. The pairing used most often is a gap inside the cheap half.

Draw the range first

Gold rose from a swing low at 2,396 to a swing high at 2,431. The middle of that move is 2,413.50.

The discount is everything from 2,396 up to 2,413.50. Price is in an uptrend, so that is the half you want to buy in.

The range comes first, before you look at anything inside it.

The rise left a fair value gap (FVG) behind, a price range nothing was resting against, running from 2,404 to 2,412.

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