TradingView
Moshkelgosha
May 12, 2021 5:40 AM

Gaps were filled, but not a good sign..! Short

Tesla, Inc.NASDAQ

Description

These big green today’s candles after a down gap has something in common:
A: They are green but most of them closed below yesterday’s low! Which makes them a pseudo Green!
B: Most of them barely fill the gap, and close below their support level!
C: None of them cross the downtrend line in hourly chart!
D: While price went up volume did not during today’s trading session!
IMO: Today’s gaps were clearly filled by irrational exuberance behavior of retail investor.

Apple hourly chart:

Microsoft hourly chart:

Amazon hourly chart:

Google hourly chart:

Facebook hourly chart:

Tesla hourly chart:

Conclusion: price movements will be continued in direction of the Gap in the coming days.


Comments
Kurius
Thank you
More