BABA Gap FillBABA has been moving bullish lately and is looking to fill a gap zone. Look for price to move fast through this area.
Gapfill
NASDAQ breaking below YTD supportUS stocks, led by mega cap tech companies and the NASDAQ writ large, started 2024 on a hot streak. But as momentum slowed, an arc pattern supporting the market became clear, only to be decisively broken. Analysis of key support and resistance levels provides price targets for the coming weeks.
GE Aerospace Needs to CorrectAfter many years of struggle due to the Banking Debacle of 2008, this venerable old company is finally showing strength again. Spinning off divisions to focus on and drive growth in the key businesses was exactly what was needed.
NYSE:GE Aerospace is over-speculated now. The run up from the heavy accumulation during the last half of 2023 is too steep to sustain. Smaller funds have been driving it upward since March, causing the more volatile action recently.
It had a small gap up on earnings this week but it still needs to correct, either down or sideways . It has the look of a stock with short-term topping risk at the moment, but extended sideways action could adjust out the overextended uptrend instead.
FUBO Elliow WXY Double CorrectionFUBO started its rally from $0.96 in March 2023 and reached $3.87 in August 2023. Since August 2023, it has been declining with the Elliot WXY correction wave.
I think this correction will continue until the gap at $ 1.18 is filled. My guess is that this correction will continue until around $ 1.12-1.2. Unless it goes above $1.9, I am short FUBO.
BABA Double Top: GAP FILL AHEADLook for BABA to consolidate some more and bounce off the previous resistance. I think we could see some quick price movement through the gap. Look for a bullish bias and for BABA to fill the gap this week.
Just A View - Gap Fill - IIFL📊 Script: IIFL
📊 Sector: Finance
📊 Industry: Finance & Investments
Key highlights: 💡⚡
📈 There was a huge gap down on 4th March and 5th March so, Script may fill the gap.
📈 One can go for Swing Trade.
⏱️ C.M.P 📑💰- 424
🟢 Target 🎯🏆 - 600
⚠️ Important: Always maintain your Risk & Reward Ratio.
✅Like and follow to never miss a new idea!✅
Disclaimer: I am not SEBI Registered Advisor. My posts are purely for training and educational purposes.
Eat🍜 Sleep😴 TradingView📈 Repeat 🔁
Happy learning with trading. Cheers!🥂
Just A View - Gap Fill - HINDALCO📊 Script: HINDALCO
📊 Nifty50 Stock: YES
📊 Sector: Non Ferrous Metals
📊 Industry: Aluminum and Aluminums Products
Key highlights: 💡⚡
📈 There was a huge gap down on 13th Feb so, Script may fill the gap.
📈 One can go for Swing Trade.
⏱️ C.M.P 📑💰- 558
🟢 Target 🎯🏆 - 593
⚠️ Important: Always maintain your Risk & Reward Ratio.
✅Like and follow to never miss a new idea!✅
Disclaimer: I am not SEBI Registered Advisor. My posts are purely for training and educational purposes.
Eat🍜 Sleep😴 TradingView📈 Repeat 🔁
Happy learning with trading. Cheers!🥂
NQ Power Range Report with FIB Ext - 3/22/2024 SessionCME_MINI:NQM2024
- PR High: 18590.75
- PR Low: 18569.00
- NZ Spread: 48.75
Key economic calendar event
09:00 | Fed Chair Powell Speaks
Prev session closed virtually flat
- QQQ daily gap still unfilled
- Holding above prev session close
- Huge upper wick on prev session daily print
Evening Stats (As of 1:35 AM)
- Weekend Gap: N/A
- Gap 10/30 +0.47% (open < 14272)
- Session Open ATR: 258.68
- Volume: 27K
- Open Int: 251K
- Trend Grade: Bull
- From BA ATH: -0.6% (Rounded)
Key Levels (Rounded - Think of these as ranges)
- Long: 18675
- Mid: 18106
- Short: 16963
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
$SPY 3/15/24 Continued Bearish MACD divergence continuing to play out with a breakdown of wedge trend line. We saw the 508 target get hit today and still face layers of resistance overhead (512ish-515ish-518ATH) ....AND there is a gap still to be filled below (501ish-497ish). If we're going to make another respectable run at ATH then we need to fill the gap and let this MACD divergence play out. If you push up now, you still face the bearish MACD divergence on the daily (and longer hourly charts) with an unfilled gap below 500. We know SPY loves whole numbers and we've seen how it's reacted and responded to the 500 price level in the past. I expect it to have the same magnetism now as it did before.
As always, assume nothing and remove your bias. Let the chart lead the way.
For now, this is what I'm seeing.
GBPAUD Short - Don't dismiss a trade idea too quicklyGlossary:
VA – Value Area
Liq.P – Liquidity Point
PiPo – Pivot Point
BO – Break-Out
H1 – Hourly Time-frame
M15 – 15min Time-frame
LTF – Lower Time-frame
HTF – Higher Time-frame
Magenta horizontal Ray – Area of Interest
Magenta rectangle – Gap / Area of Significance
***********
GBPAUD Don't dismiss a trade idea too quickly
After retracing to the previous swing high and experiencing a strong impulsive move to the downside, the price formed two smaller consolidations before beginning to form a larger bear flag.
The positioning and size of the consolidation, coupled with the fact that the price is trading above the previous low, make this trade higher risk. However, if the price forms a smaller consolidation below the wick and preferably trades at or below the low to the left, we could suddenly have a high-quality entry.
Don't dismiss a trade idea too quickly. I covered GBPAUD last week already, and the same idea is still valid, albeit with slightly different PA.
However, if the price aggressively BO above the Liq.P and/or begins to form a consolidation above it, the short trade idea becomes obsolete
The Pelosi Long Call PANW
Looking for a gap fill up to the $360 level after being sold off heavily from those taking profit after its run up from the mid 100s.
Holding a very long January 2025, 540 call option anticipating continued growth of cyber-security companies now that AI is gaining steam.
NZDUSD Short to fill the GapGlossary:
VA – Value Area
Liq.P – Liquidity Point
PiPo – Pivot Point
BO – Break-Out
H1 – Hourly Time-frame
M15 – 15min Time-frame
LTF – Lower Time-frame
HTF – Higher Time-frame
Magenta horizontal Ray – Area of Interest
Magenta rectangle – Gap / Area of Significance
***********
2024 – 03 – 04 NZDUSD short
DXY positioning indicating continuation short, and therefore a weaker Dollar;
However NZDUSD on it's own looks likely to fill the gap to the previous VA.
Technically it did not come from a significant VA but shows exhausting PA on the top, followed by a BO of a running channel and is now starting a bigger H1 continuation structure before the last leg down to fill the gab to the VA.
I am now waiting for price to tap into the Liq.P and show some form of a LTF consolidation for an entry short.
BA: Triple Bottom at Support with RSI Bullish DivergenceThe Boeing Company is attempting to confirm a Triple Bottom with RSI Bullish Divergence at the $200 Support Zone. If it plays out I think we could go back up to the 0.236 up at $212 and if we really get traction here, I'd suspect it'd g for the gap fill up at the 0.786 retrace aligning with the $250 level.
It's also worth noting that Boeing filled a downside gap as it pushed down into the support zone, so it's possible that will be the extent of the current wave down.
META - Interesting price action repeating itselfWe could see a failure to reach new highs and all this left shoulder liquidity can be used to push us below (or at least retest) the key 453 level. From there, we have a massive gap to fill to the low $400. Prior to any short entries, however, I will for a retest of the top of our teal selling channel which will form our right shoulder - and with a lack of buying volume needed to break us out, I will look to enter a short position.
PDD Wedge channel breakdownThis is for learning purposes.
As you can see PDD formed a triangle. After downward breakdown, it tried to retest the same level it broke from and got rejected. That rejection could have been a great puts play.
Tesla gap fill in the cards
NASDAQ:TSLA has a gap from $210 that needs to be closed.
This is a speculative trade as $180 has acted as a historic support as well as resistance. Also, stochastics say it's oversold although I think it's got more room to fall in the coming year.
There are many innovative companies taking the spotlight and NASDAQ:TSLA seems to have suffered by falling out of favor with some traders as they may prefer NASDAQ:NVDA or NASDAQ:AMD or NASDAQ:AVGO . All three are rapidly increasing their market caps.
I suspect a gap close before heading lower. There is a gap on the daily time frame but it's not shown here.
If for some reason it holds this channel then maybe we even test $240 again.
ADM: Bullish Harami on the Weekly at a Bullish Gartley HOP LevelArcher-Daniels-Midland is sitting at the HOP level of a Bullish Gartley aligning with support with a Bullish Harami Visible on the Weekly Timeframe after setting record-breaking weekly volume into the test of the Support Zone.
ADM will close and confirm the Weekly Harami in less than an hour and from there we would expect to see ADM make an effort to fill the weekly gap above, perhaps going all the way up to the 61.8% retracement.
BN Levels to be consideredWe have to consider different levels before taking a trade.
Not SEBI registered person. No trade recommendation.
Bitcoin Weekly CME Gaps 2019 - 2024Here I've highlighted all the weekly CME gaps for Bitcion, showing all but One have now filled.
Technically, there's still one open just under $10,000 at / around $9750.
Unlikely this will ever fill at this point, but as of today Bitcoin filled the recent gap just under $40,000, which clears Bitcoin for runing higher.
However I still believe we'll re-test $38,000, followed by a bounce.
And potentially, if not likely, a deeper drop to re-test $32k before the bull run ensues.
Interesting chart just showing how often these do back-fill and re-test.
STNE Gap FIll Wedge BounceSTNE perfectly filled the gap from December 13th and bounced. Now a break above the January 3 high of $17.38 should send this back to new highs. Targets $18 $19
Imbalance Expert : Guide for mastering imabalance'sCryptocurrency trading is an intricate dance, where understanding and interpreting market imbalances can provide traders with a competitive edge. This comprehensive guide aims to demystify the art of trading imbalances, catering to both beginners and seasoned traders. Through a detailed exploration of strategies and considerations, we'll delve into the world of market dynamics, emphasizing the importance of a holistic approach to trading.
First example has cool reason to go higher ( EQUAL HIGHS ) and big liquidity pool below
Section 1: Understanding Imbalances
1.1 Defining Market Imbalances:
Explore the concept of imbalances in the cryptocurrency market.
Differentiate between bullish and bearish imbalances.
1.2 Reading the Signs:
Learn to identify imbalances on various timeframes.
Utilize technical indicators and chart patterns to confirm imbalances.
Section 2: The Anatomy of Imbalance Trading
2.1 Spotting Imbalances in Price Action:
Analyze real-world examples of imbalances using provided screenshots.
Understand how imbalances manifest in different market conditions.
2.2 Tools of the Trade:
Explore popular tools like volume analysis, order flow, and market profile to complement imbalance trading.
Highlight the role of moving averages and trendlines in confirming imbalances.
Section 3: Strategies for Imbalance Trading
3.1 Swing Trading with Imbalances:
Discover how to swing trade using imbalances as entry and exit signals.
Explore risk management techniques tailored for swing trading.
3.2 Scalping Opportunities:
Uncover strategies for intraday trading based on short-term imbalances.
Discuss the importance of quick decision-making and tight risk control.
Section 4: Advanced Considerations
4.1 Macro and Micro Analysis:
Emphasize the need to consider both macroeconomic trends and micro-level price action.
Discuss how macroeconomic events can create imbalances with lasting effects.
4.2 Market Sentiment and News Analysis:
Incorporate sentiment analysis and news events into the overall imbalance trading strategy.
Understand how sudden shifts in sentiment can create imbalances.
Section 5: Risk Management and Psychology
5.1 Risk Management Strategies:
Explore risk management techniques specific to trading imbalances.
Discuss the importance of position sizing and setting stop-loss orders.
5.2 Mastering Emotional Discipline:
Address the psychological aspects of trading and how emotions can impact decision-making.
Provide practical tips for maintaining discipline during trading.
Conclusion: The Art and Science of Imbalance Trading
In conclusion, mastering the art of trading imbalances requires a combination of technical expertise, strategic thinking, and emotional resilience. Whether you are a beginner looking to enter the world of cryptocurrency trading or a seasoned trader seeking new insights, this guide aims to equip you with the knowledge and tools necessary to navigate the dynamic landscape of imbalance trading. Remember, success in trading is an ongoing journey that requires continuous learning and adaptation to evolving market conditions.
💡 Imbalances Decoded | 📊 Tools of the Trade | 🚀 Strategies for Success | 🧠 Risk Management Mastery
💬 Share your insights: What are your experiences with trading imbalances, and what additional strategies have you found effective? 🌐✨
Boeing BANotable Gaps on NYSE:BA for reference.
After news pre market sell off can continue. great entry below 200 but we don't get there today.
First Wave BioPharma $40 PT Upside potentialBefore the close of the year the Bio Pharma Sector started running wild. It doesn't surprise me why i'm drawn to this company with all the catalysts coming out. Recently with a PT 40 From Roth MKM.
The more you read about the news that comes from this company between CEO investor relations, Merger Deal with Immunogen and entering their phase 3 trial there is so much Upside potential.
Although short term there's a lot of turbulence in the 5.00-5.38 range if it can break and hold strong this stock can get there pretty quick.
Currently holding a Long position.
Trade Responsible,
#TradeTheWave 🏄🏽♂️🌊
