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Gapup

SPY IS BREAKING OUT...Again as this is a 4th-wave we will see plenty of swings.. that is why I did not trade until I saw a "bottom was in" for this wave. Looking at the pre-market we are sitting above $397 and showing strength towards our first level of $411. Some may be wandering what those red lines are for... those are my support lines I draw on a bigger time frame along with fib levels to help with confirmation. I don't just rely on Elliott Waves and Fibs... I feel support and resistance are key to know also.
AMEX:SPYLong
by UnknownUnicorn910751
HDFC BANK*At 15 min timeframe, price is at support of 200 - EMA. HDFC will also open near 1460(whole number) and Volume profile is also strong on this price. If price open AT 1460 then first resistance rectangle(1465-1468) and may give sharp fall till 1444. We can take new entry from this level(1444) to day's high OR may be it break this level(1465-1468) create a support zone and give the target of 1475 and then of 1486. Profit:- 1. From 1465 to 1486 is 1.30%. 2. From 1444 to 1453/1465 is .05% or 1.48%. 3. From 1444 to 1435 is .07%. NSE:HDFCBANK NOTE:- Take help from volume.
NSE:HDFCBANK
by ps059042
NASDAQ - 1D - The 3 converging signals. This tutorial looks at the Daily chart main technology index in the World, NASDAQ. When evaluating its prices, NASDAQ has been down-trending in the past 8 months, in a steep decline. It started from its All-Time-High (ATH), when it held the 16700s level on the 21st of November 2021, sinking over 34% towards the 11300 level on the 16th of June 2022. However, since its recent low, the NASDAQ kept increasing in price. In the last trading week (8th - 12th of August 2022), prices formed an interesting technical pattern that could give way to a prolonged upward movement. Today, a new candlestick formed, sitting right on the 200 EMA line. I have highlighted 3 significant patterns which are converging. These patterns increase the probability of such upward movement, leading me to believe in a potential bullish movement: 1- Downtrend Breakout 2- Gap Up or Rising Window 3- 200 EMA (Exponential Moving Average) Breakout To understand the technical patterns I am discussing, it is necessary to identify two indicators within the chart. These indicators are the 200 EMA (Exponential Moving Average), which is the red line following the price, and the Downtrend Line, which is the purple line connected to the recent highs. I have drawn a red circle to point out where the signals converged.  1- The Downtrend was acting as resistance for over 7 months, from December 2021 until the 10th of August. From then, the Downtrend line will act as a support for the potential upcoming upward movement. 2- The Gap Up in price happened between the market close on the 9th of August to the market open on the10th of August. It brought the price up on a powerful movement, ignoring the downtrend resistance line and sitting on top of it, transforming it into a support line. 3- Major investors and hedge funds use the 200 EMA as a bullish/bearish indicator and a strong resistance/support level. The last candlestick (12th of August) closed above the 200EMA line, which did not happen for over 4 months. To conclude, the convergence of the 200 EMA plus the down-trend breakouts along with the rising window form an interesting signal that suggests the downtrend might run out of steam. Happy Investrading!
NASDAQ:NDX
by dmelchiades
NQ Power Range Report with FIB Ext - 6/16/2022 SessionCME_MINI:NQM2022 *Session break gap of +0.14% that has yet to fill* - PR High: 11708.75 - PR Low: 11649.00 - NZ Spread: 133.75 Evening Stats (As of 12:00 AM) - Weekend Gap: = -0.74% - Session Open ATR: 410.97 - Volume: 37k - Open Int: 215k - Trend Grade: Bear - From ATH: -30.0% (Rounded) Key Levels (Rounded - Think of these as ranges) - Long: 12390 - Mid: 11820 - Short: 10680 Keep in mind this is not speculation or a prediction. Only a report of the Power Range with Fib extensions for target hunting. Do your DD! You determine your risk tolerance. You are fully capable of making your own decisions.
CME_MINI:NQM2022
by mv3trader5
Position & Swing Trading: Weekly ChartsIf you're position or swing trading, it is a MUST to study weekly charts to confirm: 1. IF a bottom is developing 2. WHERE the bottom will complete ...to plan trades with strong reward/risk ratios. For example, let's take a look at EGLX, which had a gap up at open on its earnings release: 1. Note that today's gap up is from a lower low in the downtrend. This particular bottom is not confirmed just yet. When it makes a higher low is when there will be lower risk for an entry. 2. The first resistance is at 3.27, but there's stronger resistance at 4.44--once the stock's price sustains that level, then the bottom will be complete, which is the best time to consider position trade entries. Both resistance levels should be considered for swing trading potential... First ask: "Are there enough points to gain from your entry point to warrant the risk of the trade?" If no, then move on to the next opportunity; maybe put an alert at the next resistance level to revisit. If yes, then which resistance levels are likely to cause profit-taking? A step-by-step checklist that looks further than the entry is important for not giving back profits just as soon as you make them. Learn more at my website.
EEducation
by MarthaStokesCMT-TechniTrader
Activision Blizzard (ATVI) Due For Snowslide?Activision Blizzard ( ATVI ) Due For Snowslide? I personally enjoy snow related activities to include snowboarding. But I can assure you a snowslide event is furthest from my mind when I go. If I had a heads up for the probability of one occurring in an area, I'd take adhere to safety precautions or be far removed from the event. I believe that Activision Blizzard is due for a “snowslide” after it gapped up January 18, 2022. Rationale-ATVI gapped up approximately 15.90 on January 14, 2022. 6.90 of the total gap was filled. The gap amount that remains is approximately 9.81. Please make a note of the fact that, ATVI closed below the 9, 21, 50 and 200 moving averages (please review the chart below). ATVI bounced off the 200 MA twice prior to finally going just below it on April 29, 2022. Though it closed under the 200 MA, the candle is closed as a spinning top. It is for that reason that I will more than likely wait for a safe entry just below 75.28. Overall sentiment- Bearish Peace and Prosperity, Al
NASDAQ:ATVIShort
by MrALtrades00
2
NIFTY SMALL CAP INDEXHello & welcome to this analysis on the small cap index CNX Small Cap Index activated a Bullish Harmonic Deep Crab on 24th Feb at 9350. From there it has now move all the way 10900 and on its way created 4 gap ups which is usually the sign of a strong trend (typical of Elliott Wave 3) What is most interesting is on 4th April it activated a Bullish Island Reversal as highlighted in the chart suggesting "if this holds" then the index is all set for a v strong up move. We have already seen a similar kind of move in Bank Nifty when it made a Bullish Island Reversal on 10th March at 34500 from where its rallied 4000 pts. Levels wise a "daily close above 10975" would open the passage for 11700 with strong support in the island region of 10600-500 for now. Happy Investing!
NSE:CNXSMALLCAPLong
by Dinesh_C_Nagpal
Brief Retracement Before Surprise EarningsLeadup Before earnings, SACH's price fell about 13%. SACH reported a surprise above expected EPS. Price Action After reporting a surprise, price gapped up and began consolidation. Today that consolidation broke upwards with a substantial gap and moved towards its previous highs. Indicators Volume Broke 21 MA on the gap. DI remained bullish, and ADX seems to be finding support at the 20 level. RSI found support at the 50 level. This level has been significant in the past.
AMEX:SACHLong
by Ronald_Ryninger