With the recent weakness in the markets, $DIS has formed quite the large bear flag.
If this breaks to the downside, that gap left at $128 is quite a long ways away...
The $SNAP chart looks horrifying. It's quickly approaching the downside gap, which is nearly 20% wide.
Based on overnight futures action, this is a prime short candidate leading into tomorrow.
Today I am discussing Paypal Stock which has been drastically sold off around 40% from highs! I do think this is crazy, and oversold. BUT, I am going to analyze stocks appropriately and without any bias.
PYPL as shown on the Daily Chart has been breaking down through this Range it has been trading in of where I have a Rectangle shape Drawn.
PYPL just closed...
The “Bitcoin CME Gap” is the difference between the trading price of a CME Bitcoin futures contracts when the market opens on Sunday, and when it closes on Friday.
In 77% of these cases the retracement occurs in the subsequent week, before the next CME market open.
No matter which type of trader you are, never forget: “mind the gap”.
Overnight gaps, it's a double-edged sword.
No surprise here unless you're viewing it using a line chart.
Won't re-enter this trade just yet, but will keep it on my watchlist.
#Bitcoin #CME
Unfilled Gaps
There are some unfilled gapes in $BTC that can be filled via down trend 🐻
#BTC price can increase to fill the gap between $5545 and $49265, then with an unexpected drop go for filling the $41185 and $39955, then more drop to fill gap between $33405 and 22860. 🐻🐻
HI TRADERS ... after the formation of Exhaustion Gap and test of Measured Move (Based on height of Trading Range) and then LH Major trend reversal i predict the price will come lower
Bought position as the stock came thru the high-volume pivot from Dec 10. The stock has been one of the strongest in the market, gapping up and out of a very long-term base on an analyst upgrade in November and having a very strong day on earnings.
Since earnings, it has digested its move very orderly and with very low volatility. It looks like it may be...
Bought position into break of pivot from the previous earnings-gap run. This is the fourth attempt to breakout from this pivot. Stop loss below the low of the day.
Bigger picture, the stock is breaking out from a large base to new all-time highs and remains one of the leaders in the market. It has big growth numbers and is in one of the strongest areas of the market.
High chance $AFRM falls down to the trendline support over the coming days, maybe even lower as it looks to fill the gap.
Take note of the volume shelf underneath! Once the bleeding stops I'm willing to bet we stop around 65 or 70 allowing us to load a long position into earnings!
MRVL had a strong earnings gap back in early December, has consolidated and held onto the gains since. The company is showing strong earnings growth QoQ and YoY and is in a strong industry.
Bought shares as the stock appears to be coming out of a volatility contraction period and may be beginning a post-earnings drift higher.
Next resistance to break after Ethereum ETH closed CME gap...
... FIB golden pocket combined with some volume resistance from the last hourly high.
But the CME gap close looked textbook.
What do you think? 😎
Drop me a nice comment if you'd like me to analyze any other cryptocurrency.
*not financial advice
do your own research before investing
This ticker has the potential to make an extremely explosive move over the coming weeks. Price is slowly and steadily increasing while also tightening, meaning we're due for a move.
I'm biased to play this name towards the downside, but the volume gap above CANNOT be ignored. A break of 164 can aggressively send us upwards for the gap fill, resulting in some...
I don't know how to build the same chart as I have in tradovate.
but you can see this 4672 area is now the top of the gap with 4644 as the bottom.
more short squeezes we could see the 4700 again.
4672 fails, back to balanced distribution.
