Wide Range Bars (WRB) with above average volume that leaves a GAP implies significant shift in supply and demand. GAP here refers to the previous candle and next one after WRB that doesn’t completely overlap the body of Wide Range Bar. Such GAP’s may be treated like GAP during daily Open and provide good intra-day SR Zone. This may be used in conjunction with other strategies for taking high probability trades.
GAP zone in the WRB from morning provided solid SR Zone for afternoon trade. Once price break down below this area, observe how price pulled back to this area before selling off.