About meA simple man - Trader by day, Investor by night. I run a discord trading community (check my link!) that allows the community to grow and make money in this market no matter what skill level. I love to show that ANYONE can do this.
An update on the Turkey Day gapfill idea posted last month! We achieved 64% gapfill which made for some great gains!
When looking for Gapfills, its important to not set your expectations too high! Often times a gap will only be partially filled because a gap us USUALLY an overreaction... Strip off the "over" part and its just a REACTION, which means when...
Could be crazy, but im seeing an inverse H/S on EROS on the long haul with potential to execute a new years gap fill and potentially even a Yolo Gapfil and more if it can fill in that H/S pattern. Suggest a bullish long term position or directional swing plays as it executes its patterns.
Two gaps to get filled here -- The YOLO GAP and the Gap that looks like it wants to be stuffed with Turkey and served on or near Thanksgiving....
Watching this for a move to the first lower boundary of the Turkey Gap, then if we break, that should start her grueling climb to 110!
Looking at a gorgeous falling wedge pattern sitting under a huge Gap that's eager to get filled. based on this price action, a potential breakout (or breakdown) is due sometime before Christmas. Lets see if it has enough momentum to break through these resistances and take a swing for gap fill!