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Gapdown

Breaking: QUALCOMM ($QCOM) Shares Dip 5% In Premarket tradingShares in Qualcomm fell more than 5% in Thursdays premarket trading as a disappointing forecast for no growth in its patent licensing business overshadowed a higher-than-expected outlook for sales and profits. The shares fell 4.2% in extended trading on Wednesday, having closed up 1.6% on the day in regular hours. Qualcomm stock is up 14.5% this year. Despite the poor results It is pertinent to note that In 2024, QUALCOMM's revenue was $38.96 billion, an increase of 8.77% compared to the previous year's $35.82 billion. Earnings were $10.14 billion, an increase of 40.24%. Analyst Forecast According to 27 analysts, the average rating for QCOM stock is "Buy." The 12-month stock price forecast is $207.25, which is an increase of 17.85% from the latest price. Technical Outlook As of the time of writing, (NASDAQ: NASDAQ:QCOM ) stock is down 5.11% in Thursday's premarket trading with recent trading session closing with a moderate RSI of 66 however there will be an impediment today on the growth of NASDAQ:QCOM as a gap down is inevitable which is a bearish pattern that leads to further dip. In the case of extreme selling pressure, immediate support lies in the 61.8% fib retracement level. A dip to this could set NASDAQ:QCOM on a bullish course as liquidity has being swept on recent dip.
NASDAQ:QCOMLong
by DEXWireNews
Breaking: Alphabet ($GOOG) Shares Drop 7% in PremarketAlphabet Inc. (NASDAQ: NASDAQ:GOOG ) witnessed a significant 7% drop in premarket trading on Wednesday, driven by investor concerns over slowing cloud growth and the tech giant’s hefty $75 billion investment into artificial intelligence (AI) infrastructure. This figure far exceeded Wall Street’s projected $58 billion, raising doubts about the necessity and efficiency of such high spending. AI Investment and Competitive Pressure Alphabet has been aggressively investing in AI research and its integration across Google Search, Cloud services, and other platforms. However, the emergence of China’s low-cost DeepSeek AI model—which reportedly rivals leading U.S. AI models—has triggered discussions about whether Big Tech companies need to allocate billions toward AI advancements. Cloud Growth Concerns Alphabet's cloud division reported a 30% revenue increase to $11.96 billion in Q4, but this marked a slowdown compared to the 35% growth in Q3. In contrast, Microsoft Azure saw a 31% increase, while Amazon Web Services (AMZN) is projected to post only a 19% rise. Despite the slowdown, analysts believe the surging demand for AI-powered cloud computing will keep the long-term outlook positive for Alphabet’s cloud business. Advertising Challenges Beyond AI and cloud investments, Alphabet is grappling with fierce competition in the digital advertising space. With marketers increasingly shifting to social media-driven ad platforms like Meta’s Facebook and Instagram, and ByteDance’s TikTok, Google’s traditional ad model faces mounting pressure. Technical Analysis At the time of writing, NASDAQ:GOOG shares are down 6.75%, signaling a potential bearish continuation pattern. The stock appears poised to form a gap-down pattern, a bearish technical indicator that may lead to further downside pressure. - Support Levels:* The first minor support lies at $197, aligning with the 78.6% Fibonacci retracement level. A breakdown below this level could result in gap-filling towards $185-$190. - Major Structural Support: The BOS (Break of Structure) level is set at $155. A dip to this level could trigger further bearish sentiment and result in deeper losses. - Moving Averages: Despite the premarket decline, NASDAQ:GOOG remains above key moving averages, suggesting that the broader trend remains bullish unless further downside momentum builds. - RSI Positioning: Prior to this drop, the Relative Strength Index (RSI) was at 64, indicating that the stock was not overbought. This means the decline is not necessarily a reaction to overvaluation but rather a response to external market forces and investor sentiment. Market Sentiment and Analyst Outlook While some brokerage firms have cut their price targets on Alphabet, the median price target now stands at $220—still above its current premarket trading price of $191.20. Alphabet’s stock had gained 9% in 2024 before this drop, outperforming Amazon’s 10.3% gain and Microsoft’s -2.2% decline. Conclusion Despite the current dip, Alphabet’s long-term prospects in AI and cloud computing remain strong. The significant AI investment could prove to be a long-term advantage if it strengthens Alphabet’s competitive positioning. However, traders should closely monitor key support levels ($197 and $155) and whether the stock can hold above key moving averages. For long-term investors, the recent drop could present a buying opportunity, but in the short term, further downside volatility is possible as market sentiment adjusts to Alphabet’s spending strategy. The coming days will be crucial in determining whether NASDAQ:GOOG can recover swiftly or continue its downward trajectory.
NASDAQ:GOOG
by DEXWireNews
NQ Power Range Report with FIB Ext - 2/3/2025 SessionCME_MINI:NQH2025 - PR High: 21200.00 - PR Low: 20943.00 - NZ Spread: 574.5 Key scheduled economic events: 09:45 | S&P Global Manufacturing PMI 10:00 | ISM Manufacturing PMI ISM Manufacturing Prices Another wide weekend gap, setting stage for expected excitement for the week - Touch of 21000 long-term inventory - Auctioning inside nearly 500 point wick from Jan 27 Session Open Stats (As of 12:45 AM 2/3) - Weekend Gap: -1.72% (open < 21200) - Gap 10/30/23 +0.47% - Session Open ATR: 436.60 - Volume: 83K - Open Int: 255K - Trend Grade: Bull - From BA ATH: -6.4% (Rounded) Key Levels (Rounded - Think of these as ranges) - Long: 22667 - Mid: 21525 - Short: 19814 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. BA: Back Adjusted BuZ/BeZ: Bull Zone / Bear Zone NZ: Neutral Zone
CME_MINI:NQH2025
by mv3trader5
NQ Power Range Report with FIB Ext - 1/27/2025 SessionCME_MINI:NQH2025 - PR High: 21771.00 - PR Low: 21633.00 - NZ Spread: 308.0 Key scheduled economic events: 10:00 | New Home Sales Full economic calendar for the last week of the month - Wide weekend gap down, yet to retrace - Continued rotation off 22090s long-term pivot - Value decline back below daily Keltner average cloud - Nearing Jan 21 low (wick intraday rotation) Session Open Stats (As of 1:15 AM 1/27) - Weekend Gap: -0.62% (open > 21904) - Gap 10/30/23 +0.47% - Session Open ATR: 384.07 - Volume: 93K - Open Int: 253K - Trend Grade: Bull - From BA ATH: -4.4% (Rounded) Key Levels (Rounded - Think of these as ranges) - Long: 22667 - Mid: 21525 - Short: 19814 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. BA: Back Adjusted BuZ/BeZ: Bull Zone / Bear Zone NZ: Neutral Zone
CME_MINI:NQH2025Short
by mv3trader5
How to Trade Gap Up and Gap Down Opening? Full Guide What is gap up and gap down in trading? In this article, I will teach you how to trade gap up and gap down opening . You will learn a simple and profitable gap trading strategy that works perfectly on Forex, Gold or any other financial market. First, let's start with a theory . A gap up after the market opening is the situation when the market opens higher than it was closed without any trading activity in between. Above you can see the example a gap up after the market opening on EURGBP. The price level where the market closed is called gap opening level. The price level where the market opened is galled gap closing level. A gap down after the market opening is the situation when the market opens lower than it was closed without trading activity in between. Here is the example of a gap down after the market opening on WTI Crude Oil. Why such gaps occur? There are various reasons why opening gaps occur. One of the most common one is the release of positive or negative news while the market was closed. The market opening price will reflect the impact of such news, causing a formation of the gap. What gap opening means? Gap openings reflect the sudden change in the market sentiment. Gap up will indicate a very bullish sentiment on the market while a gap down will imply very bearish mood of the market participants. However, the markets do not like the gaps. With a very high probability, the gaps are always filled by the market very soon. We say that the gap is filled, when the price returns to the gap opening level. Above, you can see that after some time, EURGBP successfully closed the gap - returned to gap opening level. Such a pattern is very reliable and consistent among different financial markets. For that reason, it can provide profitable trading opportunities for us. You can see that a gap down on WTI Crude Oil was quickly filled and the price returned to the gap opening level. How to trade gap opening? Gap Up Trading Strategy Once you spotted a gap up after the market opening, you should wait for a bearish signal before you sell. You should look for a sign of strength of the sellers. One of the most accurate signals is a formation of a bearish price action pattern: Double top, Triple top, Inverted Cup and Handle, Head and Shoulders, Symmetrical or Descending Triangle, Rising Wedge... Bearish breakout of a trend line / neckline of the pattern will be your signal to sell. Look at a price action on EURGBP before it filled the gap. At some moment, the price formed a double top pattern and broke its neckline. That is our signal to sell. Your stop loss should lie above the highs of the pattern. Take profit - gap opening level. Safest entry is on a retest of a broken neckline/trend line of the pattern. Safest entry point on EURGBP is the retest of a broken neckline of a double top pattern. Stop is lying above its highs. TP - gap opening level. Gap Down Trading Strategy Once you spotted a gap down after the market opening, you should wait for a bullish signal before you sell. You should look for a sign of strength of the buyers. One of the most accurate signals is a formation of a bullish price action pattern: Double bottom, Triple bottom, Cup and Handle, Inverted Head and Shoulders, Symmetrical or Ascending Triangle, Rising Wedge... Bullish breakout of a trend line / neckline of the pattern will be your signal to buy . Let's study the price action on WTI Crude Oil before it filled the gap. You can see that the price formed a cup and handle pattern. Bullish breakout of its neckline is a strong bullish signal. Safest entry is on a retest of a broken neckline/trend line of the pattern. Your stop loss should lie above the lows of the pattern. Take profit - gap opening level. Following this strategy, a nice profit was made. Always remember that probabilities that the gap will be filled are very high. However, it is not clear WHEN exactly it will happen. For that reason, you should carefully analyze a price action and wait for a signal, before you open the trade. That will be your best gap opening trading strategy. ❤️Please, support my work with like, thank you!❤️
Education
by VasilyTrader
10
Gapped But Not ForgottenFINNIFTY after a series of up sharp down moves is headed towards the zone where an earlier gap was not met. From my recent experience, gap up and gap down are always filled back either in the short term or a while after. Here we see FINNIFTY heading back to the unfilled zone which lies between 21305 to 21285. After a heavy downfall today, the index formed a symmetrical triangle pattern which could possibly head to clear the old dues. Also, just below the unfilled zone lies the recent touch zone of 21280 to 21270 having served as previous support & resistance in December 2023. Whether that happens tomorrow or not, it is yet to be seen.
NSE:CNXFINANCE
by nikhilchhabra
TSLA: An Intense Breakout is About to Occur!TSLA shares are trading in a Trap Zone, the area between the 21 EMA, which serves as the main support, and the resistance at $246.70, which was already mentioned in my last public analysis, the link to which is below this post. This area between the 21 EMA and resistance is called the Trap Zone because as long as there is no real breakout from support or resistance, we could see several false signals and erratic, meaningless movement within the area. The 21 EMA is slowly rising, squeezing the price against resistance at $246, and sooner or later, we will see a breakout in some direction. There's no way of knowing in which direction the breakout will occur - remember real trading is reactive, not predictive. In some cases it is possible to look for clues in an indicator such as the RSI, and look for a divergence or an Advanced Breakout (which is not the case here). Since our last study, the price has retested the $246 area, reinforcing our main idea that this is indeed the main resistance for TSLA shares in the medium term. Only if the price breaks through this region will we see a real sign of recovery, which would represent a continuation of the upward trend. Meanwhile, we see that the price is trading dangerously close to the 21 EMA. If the average is lost, then TSLA could trigger a new bearish move, perhaps looking to fill the gap opened at $225.40. Such a bearish move seen today is definitely suspicious, while the indices and almost all of the "magnificent 7" are rising. I wonder how long such a divergence between TSLA and the rest of the market will persist. TSLA shares are falling this week, just as we approach the main long-term resistance at the top of its Descending Channel. The 21 EMA is also serving as support on this timeframe, which also reinforces our thesis that this area is a key support point, which could trigger a sharper correction if lost. For the time being, as long as there is no clear break from its Trap Zone, TSLA's shares are bound to move erratically. To avoid a bearish scenario, now would be the best time to see a reaction. How the price behaves over the next few days will be crucial to what lies ahead in the medium and long term. I'll keep you updated on this, so remember to like this post, and follow me for more analysis like this. Best regards, Nathan.
NASDAQ:TSLA
by Nathan_The_Finance_Hydra
18
Rotation Patterns in $CVXNYSE:CVX was the Dow 30 component that had the highest loss on Friday. The chart clearly shows that the earnings report was not going to be good. The pattern is a failed bottom as there has been rotation to lower inventories of the stock for most of this year. Declining Accum/Distribution indicators at the lows of the range followed by a negative divergence between the price trend and Accum/Dist are indicative of rotation within the sideways trend that never developed into a bottom. Another Relational Technical Analysis tip to watch out for in other stocks, especially ahead of earnings reports.
NYSE:CVX
by MarthaStokesCMT-TechniTrader
NQ Power Range Report with FIB Ext - 10/26/2023 SessionCME_MINI:NQZ2023 - PR High: 14430.75 - PR Low: 14352.75 - NZ Spread: 174.75 Key Economic Events 08:30 – Initial Jobless Claims - Durable Goods Orders - GDP 10:00 – Pending Home Sales More after hours volatility on earnings - Session gap down, continuing prev session inventory decline - Break and holding below key 14600 inventory Evening Stats (As of 1:45 AM) - Weekend Gap: +0.21% (filled) - Session Gap 10/26: -0.29% (open > 14465) - Session Gap 8/2: -0.33% (open > 15807) - Session Gap 7/20: -0.11% (open > 15939) - Session Open ATR: 270.79 - Volume: 65K - Open Int: 263K - Trend Grade: Neutral - From ATH: -14.7% (Rounded) Key Levels (Rounded - Think of these as ranges) - Long: 15247 - Mid: 14675 - Short: 14103 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:NQZ2023
by mv3trader5
Buyback Patterns: GSAs the #3 most heavily weighted stock for the TVC:DJI , NYSE:GS was one of the drivers behind the run down this week. In February, a buyback program of 30 billion was approved. Buybacks probably commenced in March and have been boosting the price up within the trading range until recently. It may be that the buyback money has been depleted. Goldman Sachs reports Oct 17. Revenues declined last quarter. Earnings are up and down. So probably not a great earnings report for Q3. However, the stock has support at the black line, so it doesn't have huge downside potential.
NYSE:GS
by MarthaStokesCMT-TechniTrader
NQ Power Range Report with FIB Ext - 9/26/2023 SessionCME_MINI:NQZ2023 - PR High: 14952.50 - PR Low: 14941.00 - NZ Spread: 25.5 Major Calendar Events 08:30 – Building Permits 10:00 – CB Consumer Confidence - New Home Sales Odd, unfilled micro gap down into inventory run - Tight NZ spread - Holding daily inventory - High probability to fill gap within session Evening Stats (As of 12:05 AM) - Weekend Gap: N/A - Session Gap: -0.01% (open > 14949) - Session Gap: -0.33% (open > 15807) - Session Gap: -0.11% (open > 15939) - Session Open ATR: 229.32 - Volume: 27K - Open Int: 232K - Trend Grade: Neutral - From ATH: -11.4% (Rounded) Key Levels (Rounded - Think of these as ranges) - Long: 16105 - Mid: 15247 - Short: 14675 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:NQZ2023Short
by mv3trader5
Fortinet FTNT Overreaction - What now?Slightly after earnings Fortinet Gapped down. Which are my favorite kind of stocks to trade because 9 times out of 10 Gaps close. Fortinet had many analyst reiterate Bullish price targets some up to $70. I'm looking for a retest at $60. Forecasting out to nov 2nd. The next earnings should be interesting. Williams, MACD, & RSI are all showing Oversold in this situation. This could be a solid entry for someone to start a small position. This is not financial advice. Trade Responsible, #TradeTheWave 🏄🏽‍♂️🌊
NASDAQ:FTNTLong
by FinesseTheWave
Apple -> Massive Breakdown And Now?Hello Traders and Investors , my name is Philip and today I will provide a free and educational multi-timeframe technical analysis of Apple 💪 Starting on the monthly timeframe you can see that after Apple broke out of the clear triangle formation in confluence with the bullish moving averages, Apple created a strong rally of 30% towards the upside, breaking major resistance. As I mentioned over and over again the weekly timeframe looked quite overextended so I do expect even more short term bearish pressure before a reversal will be quite likely. With Apple's gap down of -5% on Friday my last analysis, linked below, perfectly played out but there is no reason why Apple stock should reverse immediately so be careful and don't jump into longs too early. Keep in mind: Don't get caught up in short term moves and always look at the long term picture; building wealth is a marathon and not a quick sprint📈 Thank you for watching and I will see you tomorrow! My previous analysis of this asset:
NASDAQ:AAPLShort
by basictradingtv
41
Exploring Forex Trading's Price Gaps: Opportunities and RisksWithin the realm of forex trading, price gaps emerge as a frequent and remarkable occurrence, distinguished by substantial disparities between an asset's closing and opening prices. These gaps materialize due to an array of factors, encompassing shifts in investor sentiment, alterations in market liquidity, and the dissemination of consequential news. Acquiring a comprehensive understanding of the diverse types of price gaps, their underlying causes, and the implications they carry assumes paramount importance for traders aiming to effectively exploit these market opportunities while astutely managing the associated risks. Price gaps come into existence when a discernible void arises between an asset's closing price on one trading day and its subsequent opening price on the following day. These gaps manifest in a variety of forms, each embodying distinctive characteristics and wielding implications for traders. Among the common types of price gaps are breakaway gaps, runaway gaps (also referred to as continuation gaps), and exhaustion gaps. Breakaway gaps frequently manifest subsequent to a period of consolidation or a significant market event. These gaps act as a signal of potential trend alterations, offering traders opportunities to establish new positions in alignment with the emerging market direction. Runaway gaps, conversely, arise within an established trend, reinforcing its continuity. They serve as a testament to surging market momentum, often propelled by fresh developments or an influx of trading activity. For traders who have already positioned themselves in line with the prevailing trend, runaway gaps provide affirmation and the potential for further profits. Exhaustion gaps surface towards the conclusion of a trend, heralding a prospective reversal or temporary pause in the prevailing market sentiment. These gaps are frequently accompanied by dwindling trading volume, serving as a cautious indication for traders to reassess their positions and adapt their strategies accordingly. Comprehending the causative factors behind price gaps is indispensable for traders seeking to decipher their significance and seize potential opportunities. Price gaps can arise due to sudden shifts in investor sentiment prompted by news releases, economic indicators, or geopolitical events. Moreover, market liquidity discrepancies, particularly during periods of low trading activity like weekends or holidays, can contribute to the occurrence of gaps. Traders must meticulously evaluate the implications of price gaps and remain cognizant of the associated risks. While gaps can furnish lucrative opportunities, they also entail potential challenges. Swift price movements during gap openings can lead to slippage, wherein executed orders are filled at prices significantly divergent from the intended entry or exit levels. Additionally, the scarcity of liquidity during gap periods can yield widened spreads, underscoring the importance of deploying appropriate risk management techniques. To adeptly navigate price gaps, traders can employ an array of strategies. These may encompass the utilization of gap trading techniques that harness the initial price movement following a gap, or adopting a more cautious approach that awaits confirmation of the market's response before entering a trade. Furthermore, implementing stop-loss orders and trailing stops can help mitigate risks associated with adverse price movements. Do Gaps Always Close? The closure of gaps in trading is not guaranteed, but statistical data suggests that gaps are closed at least 70% of the time, particularly when looking at weekly gaps. However, it's important to note that not all assets reach such closure levels. Among currency pairs, EUR/JPY, GBP/EUR, and GBP/JPY tend to exhibit a higher tendency to compensate for price gaps. Exhaustion gaps are generally considered the most reliable for closure trades. When attempting to forecast gap closure, it is advisable to analyze the technical chart patterns alongside the fundamental background. If there is a divergence between these factors, it may be wise to exercise caution and refrain from engaging in active trading. In such cases, it is recommended to rely on the forecasts of other instruments to shape the overall trading outlook. Gaps can pose risks for traders in certain situations: 1) Small trading deposits: If a trader is operating with a limited deposit that does not allow for position insurance when faced with significant and unfavorable price gaps, it can be risky. Insufficient funds to cover potential losses from a large gap can result in substantial financial consequences. 2) Lack of proper risk management: If a trader fails to set appropriate stop-loss levels or neglects to place them at all, particularly when holding positions over the weekend where gaps commonly occur, it can leave them exposed to significant losses if the market moves against their forecast. 3) Random price gaps in low time frames: Gaps that appear sporadically in lower time frames can be misleading and confusing. To avoid making impulsive decisions based on such signals, it is important to synchronize the analysis with fundamental events and consider incorporating technical indicators into the trading strategy. Traders who pursue short-term trading with small profit goals are particularly susceptible to the risks associated with price gaps. Even a small gap can lead to losses for this category of traders, as their profit margins may be narrow. In contrast, mid-term and long-term traders typically have less concern about the impact of gaps. Their trading strategies aim for larger profit targets, often spanning hundreds or thousands of points, where the impact of a single gap of a few tens of points is relatively insignificant. Using Price Gaps In Trading Practice: Price gaps can be utilized in trading practice using market and pending orders to take advantage of potential opportunities. Considerations such as the probability of closure, gap size, and time frame are taken into account. For instance, in a 30-minute time frame, if a price gap of at least 20 points is observed at the market opening, the price tends to move within the gap for the first half-hour due to inertia. In the case of a bullish gap, a market order to buy can be placed, while the Take Profit level can be determined using additional analysis tools. Similarly, for a bearish gap, a sell order can be activated. If a gap appears against the prevailing trend, the likelihood of the gap closing increases. In such scenarios, pending orders like Buy Stop for an uptrend or Sell Limit for a downtrend can be effective. One of the challenges is setting an appropriate Stop Loss. Take Profit levels can be adjusted, considering factors such as the Friday closing level, slightly above it, or at local peaks (maximum or minimum) observed on Friday. It is crucial to exercise caution and consider risk management techniques when trading based on price gaps. Traders should thoroughly analyze market conditions, employ suitable order types, and carefully determine their entry and exit levels to optimize trading outcomes. In conclusion , price gaps in forex trading serve as important indicators of market dynamics and present potential opportunities for traders. By analyzing the type of gap, incorporating support and resistance levels, and utilizing technical indicators and candlestick patterns, traders can make informed decisions to capitalize on these market phenomena. It's essential to note that gaps do not always close, and traders should be mindful of this fact. To enhance trading strategies, it is beneficial to align technical analysis with fundamental factors and consider the broader market context. Caution should be exercised, especially when trading with smaller deposits and during periods of increased market volatility, in order to manage the risks associated with price gaps effectively. By incorporating thorough analysis and risk management techniques, traders can navigate price gaps with greater confidence and optimize their trading outcomes.
Education
by FOREXN1
10