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Gap

Two scenario for TSLA (tsla)hello guys In upper time frame tesla has a compression on left of chart It is neither broken nor engulfed, so this makes the stock more bullish, this QM that formed on gray area occurred on last zone of that compression. Now price is on a hidden gap area (master candle or long bar candle make it) commonly this area breaks up (because price reacted before). For breaking up this level firstly price should gather some order or stoploss. I have two scenarios: Scenario1: Price reaches to first liquidity pool to takes some Liquidity and then will start upward movement until touch MPL area (this area is great because correspond with bearish trendline) Scenario2: Price reaches to second liquidity pool and gap that price made before to takes some Liquidity (this area is so fresh that make it more important) and then will start upward movement until touch MPL area (this area is great because correspond with bearish trendline) always do your own research. If you have any questions, you can write it in comments below, and I will answer them. And please don't forget to support this idea with your like and comment. BE PROFITABLE
NASDAQ:TSLAShort
by melikatrader94
16
$RRC, cup & handle with a explosion gap pivot play Range Resources Corp is in the exploration and production of AMEX:USO and AMEX:UNG in the US. It was recentlty feature in IBD and got me interested because its good looking cup & handle. Today managed to breakout with a gap. This gap should act as resistance. As the market still needs to prove itself, I won't buy this breakout but the breakout from today's high with a stop loss just below yesterday's high. This strategy is called Explosion Gap Pivot. It uses the gap range as support.
NYSE:RRCLong
by dpuleo19
2
RUN - Adam & EveThis A&E pattern has a fair chance of working out due to the huge volume gap up on 28 July, followed by a bear flag (cup & handle within the "Eve" pattern). Attempts to break above the neckline failed last Friday however, but in the bigger picture, the stock is now above it's 200 day moving average. Any pullback from here should see support around 29 (recent bear flag low). Or long when there is a confirmed breakup followed by the first pullback that does not breach the neckline support. With S&P hitting potential resistance now, there is some worry that a pull back in the bigger market is imminment. Manage trades with appropriate stop losses and right position sizing. Disclaimer: Just my 2 cents and not a trade advice. Kindly do your own due diligence and trade according to your own risk tolerance and don't forget that money management is important! Take care and Good Luck!
NASDAQ:RUN
by Juliac
Falling Wedge- Bullish- Keeping a close eye on CRM here as its finally starting to break out of this falling wedge it's been holding for quite some time now. Big increase in buyer volume relative to seller volume as shown on the RSI with some slight bullish divergence on the daily timeframe, and some more bullish divergence on the weekly timeframe (See Attached Chart Below). - CRM closed out the week reclaiming its 20-Day SMA while also testing the upper trend line on the falling wedge it's been holding. On top of all that, CRM's EMAs are starting to curl upwards, with multiple gaps to fill on the upside heading into earnings, all signs pointing towards a breakout. - Bullish and will be looking for a breakout from this wedge (Broader Market Conditions Permitting)- Just some support and resistance levels to watch along with some RSI-based supply and demand zones to keep an eye on in the meantime --Weekly chart & Price Targets Attached Below-- PT1- $192.54 PT2- $196.23 PT3- $202.72 PT4- $205.18 + --Weekly Timeframe--
NYSE:CRMLong
by jacobosiason7
NET - Breakaway Gap (huge volume!)NET gap out of a right angle triangle with extremely huge volume. This is likely to be a "breakaway gap" which usually occurs at the beginning of a trend and the odds of this gap closing in the near future is slim. There is a near term possible resistance coming up (filling of a prior gap) at around 77-78. Any dips going forward should be opportunity to long as there is room on the upside. Disclaimer: Just my 2 cents and not a trade advice. Kindly do your own due diligence and trade according to your own risk tolerance and don't forget that money management is important! Take care and Good Luck!
NYSE:NETLong
by Juliac
Bias ConfirmedHi everyone, Yesterday I talked about how Bitcoin might break lower time frame resistance and revisit the 24k level (link in the description) As for right now, we are forming a head and shoulders bullish pattern on the lower time frame and we are now filling a gap created after breaking the last high with a momentum candle. Therefore, I think that we are still on yesterday's plan where we will break the previous high and use it as a support when retesting it. Please comment if you have any questions, I will try my best to answer them. Thank you😊
Long
by yassin_khanji
1
⚡️ #BTCLIVE - 02/08 ⚡️⚡️ #BTCLIVE - 02/08 ⚡️ 70:30 Bearish:Bullish At the start of the day I would have been more split in the decision between bull:bear sentiment. Although with the announcement of the WBTC and WETH hacks along with Pelosi visiting Taiwan that may come to nothing - but with everybody already so on edge I feel this will knock the markets on a wider scale at least on the short term. With so little information it is easier to assume the worst. Bearish Scenario Breaking down below the 20DEMA at approx. 22.5k will likely see a bigger drop to the lower long term range at about 21.3k - where it will be make or break as breaking down can see a longer term bear flag form and then it will be blood on the streets again with sub $20k back on the cards Bullish scenario With a new smaller CME gap set up at 23.7k and the weekly pivot filled along with a potential bounce off the 20DEMA we can see this scenario play out although it is likely we will need to bullish news to fuel this which there really isnt atm. If we do break up and break out of the range at $25k onwards then the higher CME gap at $27.3k is the target here. Volume is descending and we are consolidating in the short term right now so the next move is going to be quite big and fast
by Kryptochristian
1
F - Breakaway Gap (Time to hop on?)F's downtrend started to flatten out from mid June (trading between 10:65 - 12.45), eventually breaking above the "neckline" @ 12.45 on 19 July. It retested this neckline a week later and held, giving conviction that this previous "resistence" is now a new "support". Today it gapped up on strong volume as earnings had surprised to the upside. It is likely that some people had been betting on a good set of results since recently. The uptrend is likely firmer now. Nibbling @ current price and looking to add if there is any dip over the next few days. However, the gap @ 13.20 might not fill anytime soon (breakaway gaps usually signify the start of a new trend and do not get filled in the near term). Disclaimer: Just my 2 cents and not a trade advice. Kindly do your own due diligence and trade according to your own risk tolerance and don't forget that money management is important! Take care and Good Luck!
NYSE:FLong
by Juliac
4