This could be a two day move My Entry 38.93 after it hd rebounded from the fair value gap, goal is to get above the equal highs around 3940 3876 S/L We'll seee if this holds
Be mindful of these gaps. We may be looking at a pull back in the near future.
Usually we get Gaps in a 3ed Elliott wave or in "C" wave which show the strength of that wave In our case , since March low we are getting more gaps in wave 5 than waves 1+2+3+4 !!!! not good indicator that we have the right count !!! it is very possible that March's low is basically still corrective and this is wave "B" and we re in wave "C" of it....
Boeing seems to have benefited from the stimulus package, with a little continuation of upward momentum, QE, and buy backs, this stonk should have few problems. Also, BA is a "Space Company" and we are currently in a global Space Race. This is not trading advice.
Perfect Bearish H&S pattern execution. No strong support until low 450$'s.
There are 2 gaps left open just below. I think bulls are betting too aggressively (arrows). They didn't wait for a touch on the trend line/channel. Best way to get burned.
MT is typically the slower brother to that of Mr. X, but that's about to change. Why? - Reducing costs, plan to lay off about 20% of workforce in coming years - >$1B in Buyback planned - Spot prices of steel have are at 7-10 year highs and continue to rise - Demand will skyrocket once Biden's infrastructure stimulus revealed, and once economy opens back up -...
The only two things noticeable is 1/ RSI is getting close to the trend line, possible bullish break out for a 3ed Higher high. 2/ We have more Gaps, in my count, in wave 5 then wave 3 !!! wish you all the best.
Hello, can someone tell me if this is considered a gap? Thank you!
We now have a bigger h&s with a more traditional horizontal neckline in play that if we were to trigger has a breakdown target around the mid 16,000s. Of course we must await confirmation...but this could potentially trigger a very deep correction....one item of bearish onfluence is there is a me futures gap around this range so a correction this deep is not...
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Macro view for the #CME Gaps. Only 7 gaps from this year still open, none of the years before remains open.
Hello traders, there my retracement area and fill in multiple gaps in the following week. Thanks for reading!
In this video, we give a quick update from the last trade of the gap formation. GBP is also testing the highs and supply area so we could short it.
These are the only gap ups that happened when price was dropping that i found.
1. Gap between 0.016 and 0.019 2. Gap fill & potential Head-Fake, Head-fake before run seem common of late with triangle setups 3. If break above 0.019 head-fake confirmed and descending triangle still in play, other supporting indicators will be increased volume and MACD Cross 4. If rejects 0.019, descending triangle fails and will continue down or...