Citigroup has a pre earnings run pattern which tends to be caused by Pro Traders setting up to take advantage of the earnings reaction. The company will report its 1st quarter earnings on Monday. C had a reactionary gap up at open caused by the JPM gap today. It formed an indecision day candle rapidly. The early gap could interfere with the technical patterns for...
Disney had a preview for Disney+ while I am personally impressed with what they will be doing there stock SURGED way overvalued for a service that isn't coming out till November. Get ready for a pullback! If you want to go long wait for the pullback then go long!
Based on the candle sticks presented, we can identify 2 key points that present opportunity in EYPT. First the “GAP” presented by the yellow highlight, when these gaps are formed and the stock starts to recover it is common for the price to rally back towards the price where the gap was created in this case roughly a bit under $2.20 ($2.11 was the lowest bid...
Apple rejected gap with a bearish shooting star. That's short-term bearish. If further confirmed today, we could observe an evening star pattern. Close >202.25 neutralizes short view, and resumes the broader bull trend.
Annotations and Ideas provided on chart
Possible Double Bottom, w/ second bottom forming higher low
decreased selling on second bottom
Price trading in oversold territory (below the channel)
Unfilled Gap that also coincides w/ local HVN (not marked)
AUDC has similar technical patterns to AMD and other semiconductor stocks. The activity has pre HFT setups. Pro traders are in the mix. HFTs tend to gap and run the stock upward. Candlestick patterns and volume reveal pro traders and HFTs.
We gapped on Monday, reaching 2874.75 point, where the market pivoted at the beginning of 2018, I have found gaps on the ES to be very reliable to foresee that the market is going to move at some point towards the gap and close it (in the ES) the higher the time frame we see the gap in the more attention we should pay to it.
Just look at what happened last Dec...
Eur/usd is forming a nice channel on a downtrend. Three consequently rejection candles on fibonacci 61.8 and trendline.
My personall bias are target one 1.11 and then we are heading to close the gap of 24 april 2017 on 1.08 level.
JSE:MTN has been trading in a sideways channel since late September 2018. It has now broken out of this channel, having moved up strongly the last few trading days. It is ready for a long position, and the target is the gap close.
Also bear in mind that it could possibly retrace back to the support level and bounce before it goes further up.
Chart time frame - H4
Timeframe - 1-2 days
Actions on -
A – Activating Event
Market will meet resistance in zone @1.75 - .... and fall to the @1.70. In order to enter, the pair MUST be in line with my Entry Procedure....
B – Beliefs
Market move towards the first Target 1 level @ 1.70