Plot these levels on your chart and see how the market reacts to them.
Overnight High and Low
Previous Day Close
Gap fill from Previous Day Close to Today's Open
Premarket levels prior to the US open
Five min Opening Range
Initial Balance
These may be used for breakouts or rejection points, based on current market price action
Not trading advice. Do your own research.
Keep watch for the two upside gaps to fill on AMEX:SPY before mean reversion pullback! Levels discussed in the video.
The upside gaps are magnets, pulling price higher. Don't be too eager to short SPY!
There's a gap on the SPX daily chart. If the gap fills it will put us right near the daily 200MA and complete a bearish Head and Shoulders formation, which would have a target down near the Oct lows.
On Tuesday April 18th sellers gained control of the price due to an unfavorable earnings report and over the next six days they push price from 180.05 to 152.37 thus creating technical damage in the stocks chart and the gap to form between 180.05 to 169.70, a $10.35 gap. The stock lost multiple key intraday levels during this technical breakdown including the 50...
• QQQ corrected to the 21 ema again, after filling the previous open gap at 322.08 (open since Aug 22, 2022);
• It is ok to see QQQ losing strength after reaching this key resistance, however, in order to maintain the bullish bias, the 21 ema must act as a support;
• If don’t, QQQ could easily seek the next support level, which is around 310, and this would...
Adani Power stock price has reached near the previous weekly gap resistance, which got created after the event thereby it is expected to get some resistance.
Gap filling process may take some time, Such gaps occur majorly after the event and require a similar sort of opposite sentiment to get filled or positive news.
• TSLA has finally made a bottom signal above the support line at 154.76, indicating that it should jump to higher levels;
• The problem is the key point around 164, a previous support level that is acting as a resistance now. This is the same key point we mentioned in our previous TSLA analysis – the link is below this post, as usual;
• Also, despite the bearish...
They lied gaps aren't always filled.
Gaps are almost always sprung from.
Ok lemme soften it.
They may mean over time gaps are filled.
Think of the gap as a magnetic repellant
Example 1
Example 2
Example 3
Example 4
Short-term bearish, long-term bullish.
I'm not currently trading Bitcoin and am only stacking, but I use the short-term technicals to time my buys which have been nearly every week since September 2022, and my current cost average is ~$20k.
Bitcoin price is attempting to hold above $28k after breaching but failing to hold above $30k this past week. The...
The current state of Tesla's stock has the potential to go one of two ways. Firstly, there is the possibility of a bounce in the near future which could lead to a nice swing opportunity for traders over the next several weeks. Secondly, there is a gap from 26 Jan from $146.41 to $154.76 which still needs to be filled. It's possible that this may happen next week...
After the test of the lower support at the 66 level and the recent decision of several top producers led by Saudi Arabia to output cuts the price is back at the top of the previous range between 72-82.
I can see the gap which has to be filled sooner or later but in this moment the target might be the upper level where a lot of liquidity stays.
How can i approach...
Looks like a likely double top forming in QQQ. I think it's likely to play out as the double top target move down would also fill a couple gaps in the hourly chart.
Many stocks have been climbing the "wall of worry" in a choppy fashion. But the fact remains that many of these stocks are still climbing.
It is also important to try to pick stocks that are already showing some positive attributes (eg those that were breaking out of a base formation or already started to move above the 200day moving average etc). Whether to sit...
axis bank long from the given 813-816 dz
1st day tf demand
2nd axis has filled the gap of october
targets are 861-866 and 904-908
stop loss is day closing below 813
