gaps do fill, i wont mentioned the $3500 one (oops), but these 2 up here arent miles away even if it took 6 months to fill these gaps will close eventually
Hello traders and investors! Let’s see how Apple is doing today!
It is resisting in a support zone (green line), which was a previous top, and now it is working as a support according to the Polarity Change . Also, it filled a Gap (blue area), and it may work as a support level as well.
Any good reaction near this green line would be a very good sign . On...
Hello traders and investors! Let’s see how AMZN is doing today!
The trend is clearly bullish , the 21 ema is going up, and it is above the yellow line, which was a previous resistance for the stock.
Today is moving sideways, it seems a healthy time correction , letting the 21 ema to approach the price. It seems AMZN is resting a little before it fills the ...
Hello traders and investors! Let’s see how Tesla is doing today!
Let’s start our study looking at the hourly chart, as usual. Yep, the $ 461 did hold the price, as it was expected, because it is a clear resistance level, and now the bullish momentum is starting to get weaker, as we already discussed yesterday. If you missed my previous analysis, the link to it is...
Hello traders and investors! Let’s see how Apple is doing today!
The hourly chart suggests the formation of a H&S chart pattern, but it is losing strength as Apple is going up today, and as long as it keeps trading above the 21 ema, the trend will remain bullish in the short-term, and the next target to it is the $ 118.76.
But if AAPL loses the 21 ema,...
Reasons for entering trade:
LOCATION: Double bottom forming off of .618, not yet confirmed.
Price currently between .618 and .786 from fib off of breakout and uptrend from 2017.
MACD: Triple bullish Divergence (Market Structure in MACD)
WILLY: Coming out of oversold (Market Structure in Willy)
VOLUME: Green bar Impetus
Notch in volume profile needs to be...
AAPL setting up an ABCD to fall back and fill the gap before the election. There is a possibility of 1 more move up to 130 before a deeper decline.
If this happens then the major Indices will follow.
Hello traders and investors! Tesla is still inside a consolidation, but is there anything else we can do right now? Let’s see.
Recently, Tesla lost the support at $ 415 (red line), but the movement was just a quick reaction to fill the gap at $ 407 (blue area). Remember, gaps work as magnets , and the price found a support there.
The 21 ema is flat, and...
Hello traders and investors! Let’s look at Google today!
The hourly chart tells us that we are in a short-term bull trend, after GOOG did a double bottom pattern at the purple line. Now it is doing higher highs/lows , a characteristic of a bull trend.
The black line at $ 1,476.10 was a pivotal point , and the previous resistance, which now is supposed to...
Breakaway Gap,
Trendline Break
Demand Zone
Entry: 30
Stop: 28;
Target: 36; reward:risk=3:1
I am not a PRO trader. I need few months to practice trading strategies.
If you like this idea, please use SIM/Demo account to try it, until my trading plans get high winning rate.
Hello traders and investors! Let’s see how Tesla is doing today!
First, it did break out from the green line , which we discussed in my last analysis, and now it is going to hit the $ 461.88, the previous resistance.
Also, it already filled the gap (yellow area) at $ 446.40, and it is back on a bull trend . The 21 ema and the green line will work as...
Hello traders and investors! Let’s see how Tesla is doing today!
Friday’s reaction was quite intense, but today Tesla is trading near its resistance, trying to breakout this Triangle chart pattern again.
So far, it seems the stock lacks the strength to do so, and I would only believe in a better reaction if it trades again above the $ 433.60 (green line). By...
Hello traders and investors! Let’s see how SPX is doing today! Let's do a complete multi time frame analysis (MTFA) as usual, by looking at the hourly, daily and weekly charts!
The hourly chart is showing some signs of weakness, and it seems it is doing a H&S chart pattern . I see the black line as the most important point right now, as it was the previous top,...
Hello traders and investors! As today is Friday, let’s do our complete Multi Time Frame Analysis (MTFA) on Tesla! We’ll look at the hourly, daily and weekly chart as usual.
First, Tesla filled the blue gap today, meaning it wasn’t a Breakaway Gap after all, and now it lost all its short-term supports, namely the green/purple lines and the 21 ema (which is now...
Came up on the unusual options activity scanner and its easy to see why. From the long upper shadow of the candle you can see it tried to move thru the gap but likely followed the market and retreated. Given enough time, over a few sessions and some upward momentum in the market, this may fill to the upside.
