Practicing creating plan areas and value gap. Moved to the next day, the overnight low is lower than the previous day low, but price did not close below a value gap. There is no value gap in the 4 hour or daily chart below that overnight low.
I am confused as to whether or not to move the low down to the overnight low, leave the previous day low and create a new one at the overnight low since price did not close below the value gap and there is no value gap below the overnight low. Since price did not close below the value gap, I know I wouldn't get rid of the value gap area.
I hope this makes sense what i'm asking. LOL
I attached a screenshot to visually show what i'm talking about