SELL HDFC Ltd. (GAP)There is gap in daily candle which yet to filled by the HDFC Ltd.
So one can short HDFC Ltd. at this level of 1890
With STOPLOSS and Target #1 & TARGET #2 shown in the chart, but keep strict STOPLOSS as NBFC news are coming in market.
NOTE : Only for education purpose do add your common sense before making any trade, I'm not responsible for your profit or loss!
Gapfill
MACD supporting push to fill gapHere's a look at LUV's gap that will be filled. MACD supporting the downward movement. Testing current support. For those playing 4th of July, this might be a good opportunity to scoop up the potential gap-fill (which may equate to the lower Bollinger band test). Noting "short" for short-term (1-3 days) but I'm long on the Bollinger rules.
USD/CAD Bearish trend would continue? USD/CAD is clearly in the bearish trend last week. The issue here is that how many times the price will retest this level of support? Double bottom or even triple? Or it could break up and continue to fill up the gap down?
1. Well-respected the bearish trendy line and EMA 20/25, lower high and lower low?
2. Gap down is nearly filled up?
3. This level is critical for demand side, therefore it should be more than two retested price actions at this support level. Therefore, it would not be surprised to see that price will move between the EMA20/25 (bearish trendy line) and its current support level of 1.3488 - 1.3422.
4. MACD 4h is about to revert back to the bearish trend, red zone.
5. USD/CAD should retest the EMA 200 Weekly (1.29566 - 1.32888) on my viewpoint, because this zone is a ''highly demanded'' area and it have not tested this level yet since Dec 2019. Remember that during 2017 - 2019, price action of this pair is well respected this level of support and it would be considered as a fair price or fair value to maintain the balance on this pair.
Bearish Bias: Unless price could break the bearish trendy line and move up Higher higher and Lower higher above the EMA 20/25, there will be no BUY or otherwise Bullish confirmation. It could break the support towards lower level of support (around EMA 200 weekly zone 1.3088-1.3222).
Cheers and thank you for any supporting comments.
Gap Fill Fake out before crashConsidering how bullish the market has been one more fake out to the upside is a possibility. Momentum has definitely shifted but I can see a small move to the upside due to many short positions shorting the trend line and maybe getting squeezed and the gap up.Not all gaps get filled but a fair amount of them do.
GM: Don't bet against Pickemup Trucks!Cyclical stock, truck sales booming online with retail stores closed, lol. Buy em sight unseen, delivered to your door!
Downside at the gap from 22.68, could fill, would be a buy opp if it does. H&S pattern evident, stock had unsupportable runup, trades at fair value.
Either get a bounce from $25 headed back to $35, then $40 at cyclical highs, or 10% correction to fill gap then bull again IMO.
In the Aug $25 calls, short Jul 28s in $3 bull spread for under $2 premium. Keep shorting weeklies against the long contracts to pay for them.
Bought shares in a covered write as well.
Just an idea; not investing advice; trade at your own risk! GLTA!
ARCHER 40% OR 23%?Archer Materials Limited (ASX:AXE) A materials technology company developing materials in quantum computing, biotechnology,
and lithium-ion batteries, and exploring for minerals in Australia. The Company has strong
intellectual property, broad-scope mineral tenements, world-class in-house expertise, a unique
materials inventory, and access to over $300 million of technology development infrastructure.
I see 2 Scenarios playing out, either
1.) Break out of Descending Triangle and shoot for a 16-40% Target.
-Previously Broken out of 2 very Similar Fractal Pattern Triangles.
-Recent Share Purchase Plan OverSubscribed.
-Recent Sale of Leigh Creek Project.
-4hr .382 Fib, 1hr .618 Fib Retracement levels held.
-MACD cross anticipation
-RSI Neutral
-Daily Support Holds
2.) Descending Triangle Completes and we aim for .5 Fib Retracement Support after a 570% Rise (Looking for the Rebound)
-10/20 EMA Death Cross (Heading for 50)
-Descending Triangle Pattern
-RSI Neutral
-MACD fails to cross and spreads
-Gap fills between .545 - .525
-Daily Support Fails
Eyes on...
These Ideas are NOT 'Financial Advice'!. Scenarios are based off a mixture of TA and Fundamentals current at the time. All IMO GLTAH. Happy Hunting!!!
SPX lurching into the abyssSorry, it's late and I'm tired but wanted to get this out, if for nothing else than to buildup some ideas and interesting things i've seen.
This is really an update of my idea a couple of days ago on the gap down being a flag than has simply been gap filled over than past week.
I'm seeing open gap down, lower than 3115, maybe (news/pump/asia dependent) we could even get down into the 3060s before open.
AFTERPAY - NEW ATH or 50% RETRACE?AFTERPAY (ASX:APT) New ATH or in need of a retrace (A sign of darker times ahead though IMO)
3 Scenarios to play out in the next week.
1: Now that we have popped back into long term uptrend and with the amount of people using the service due to Covid-19 (with no end in site) $50 mark looking very achievable.
-Current Support holding
-Bouncing off long term Uptrend Trendline
-Covid-19 still taking its toll on the world
-Fib Extension 1.272 within Rising Wedge
-New ATH territory
-Volume still present in the market
2: After a 440% run wheres the retrace?? Is now the time? (Short Term Retrace)
-440% run without a retrace
-Covid-19 Restrictions 'Softening'
-MACD Death Cross inbound
-RSI Overbought Territory
-Fib Retrace .236 within reach
-Parabolic Uptrend will crack
-Healthy market run needs good market structure
3: A larger retrace is required
- Punch through the Fib .236 and head for the .382 & Strong Equilibrium
-Fill GAP between .236 - .382
-MACD Cross and Spread
-Crack RSI uptrend
-New Market Structure will form LL, LH
-Parabolic trend will break
A Revolutionary Company that was founded 5 Years ago. with over 40,000 Merchants Worldwide and 7 million users and GROWING, Afterpay has smashed the market post Covid-19 dump with a full retrace as their platform has capitalised on the state of the Global Economy during this time (Someone had to) with over $250 Million in Revenue (JUNE 2019) in excited to see what the End of Financial Year brings for APT.
These Ideas are NOT 'Financial Advice'!. Scenarios are based off a mixture of TA and Fundamentals current at the time. All IMO GLTAH. Happy Hunting!!!
Holy Grail/ adx gapper/ 80-20 all signals triggeredThis is a triple confirmation on strategies from Streetsmarts...
1. Holy Grail is watching ADX it should be correcting only from uptrend > 30
2. Gap below yesterday's low then reversal recovery in morning at 35.10
3. 80-20 is yesterdays range opened in upper third, and closed in lower third; today's gap down then recovery of yesterdays low, buy > 1st hour bar > 35.25...hold until close or next day
4. technically there's an ABC style correction in a strong uptrend which tips probability that could recover multi-days even if miss low a bit ( call options could be considered if GAPS down to obvious target for C leg...as a re-entry method)
5. 6 days ago was a low, that is also beat > 35.35 showing another reason shorts may 'cover' or take profit...
bringing down the gaps.This is what it looks like if we collapse the (manipulative) after hours gaps... changes the picture of where things are really headed naturally. Will the manipulations or the nature of the markets prevail?
Unfilled Gap | Short SetupExpecting to fill in the gap on AUDJPY and continue with the bearish trend. Selling on 0.618 fib retracement and a potential retest of the respectable descending trendline.
Unfilled Gap | Short SetupExpecting to fill in the gap after the weekend, and develop further downside from there. Looking to open shorts on 0.618 fib pullback and retest the current descending trendline.
Knowledge about Gaps trade in market:By keeping 287.62 as stop-loss we can trade in this stock, target 313.49
Because the stock has many gaps we will talk about gaps,
Gaps are areas on a chart where the price of a stock moves sharply up or down, with little or no trading in between.
A gap is produced when on a particular day a certain stock at its lowest price is traded higher, compared to its highest price at which it was traded on a preceding day.
Gaps can provide clues about the price movement.
Remember that not all gaps are genuine, some are phony as well. Genuine or valid gaps occur when the market skips a price level.
Common gaps normally occur in calm and quiet markets, rather trend less markets.
There is a common superstition that “a gap must be closed.” It is further molded into “If space isn’t filled in three days, it will be filled in three weeks, and if it isn’t filled in three weeks, it will be filled in three months, etc.”
$SPY Short Idea | Wave 1 Repeat?Holding 22 shares of TVIX to hedge market atm. Will be looking to grab more after we test & come back down from $311
DotcomJack
Nifty recover after today's storm , Maintain the momentumPositive factors :
1. 2 out of 3 windows are closed
2. Respected the trend line support
3. Piercing candle
4. Slightly closed above 50% retrencement
Negative Factors:
1. 10000 level is psychological support
2. didn't close 3rd window
It was an optimistic effort by bulls, Still the price area slightly vulnerable
it is not favorable for defensive traders, enter once 10035 level gets cross
predicting gap fill and back test of resistanceShort via some puts. Hoping to see a gap fill and a back test to the old resistance. Trade carefully and only advice (make your own trades)
Nifty from 11 June 2020As expected .. market falling in to fill the gap remaining ..macd and rsi will also show falling market if it falls another 20 points ... it will re-bounce after touching the 9450 level. the fib is a custom made for the market..
-> short position can be taken buy selling OTM calls for the next week ...
-> buy only if nifty crosses 10330 level else short each day
a grind sidewaysmy thoughts on a fairly possible scenario to play out in the coming days
short term we close some gaps and then pretty much consolidate until the next break up or down
seems obvious but 'the obvious' is the contrarian view these days if you think about it
ACB Long Term SetupLooking to fill the lower GAP as well as retest lows. If it can maintain support at that level, might see a nice move to the top.
Apache: Bullish Triangle Below Bearish GapOil driller Apache is the S&P 500’s top performing stock in the second quarter with a gain of more than 150 percent in the last two months.
But it’s also down more than 60 percent from its 2020 high near $34. This may give it more upside potential as the economy reopens from coronavirus.
The oil market is at an interesting crossroads because production is plunging at the same time consumption is set to increase. The Baker Hughes rig count has dropped for 11 straight weeks and is now at the lowest level more than 80 years of history. Global drillers represented by OPEC+ have also shown a commitment to production cuts – at least for now.
APA could be interesting technically and fundamentally. Technically, it’s made a series of higher lows while staying under roughly $13.50. That’s the bottom of its bearish gap from March 9, when coronavirus really slammed the entire energy sector.
Fundamentally, APA is also in the process of a turnaround as management shifts from struggling operations in Texas to newer fields off the coast of Suriname. Traders may want to build positions around these levels and look for the trendline to hold, followed by a potential gap fill. Today’s low could be a price level for risk management.
SANTOS 20% INCOMINGSANTOS (ASX:STO) After a great market Announcement on 28.05 (completing ConocoPhillips Acquisition) we have bounced off support of this ascending wedge and its crunch time. 20% to close the major GAP left by th COVID Crash.
-Respecting Trend of Ascending Wedge (Haven't broken Bearish)
-About to Break Ichimoku Cloud
-RSI not Severely Overbought
-Conversion Line has crossed Base Line back on 21st APR and is still holding spread
-Lagging Line showing us respecting trend but we are approaching a double top
-Testing 100 EMA strongly
Due to the price Mid Major GAP, Still respecting Trend and testing the 100 EMA strongly. I am confident we will see a break through Ichimoku Cloud and close of gap @ 6.51 which is also a Major Resistance area & lines up with -0.27 FIB Extension
Stop loss is below PREVIOUS Structure and Below 0.236 Fib Retracement Level. Risk/Reward sitting at the minimum 2:1
Testing Week for SANTOS.
These Ideas are NOT 'Financial Advice'!. Scenarios are based off a mixture of TA and Fundamentals current at the time. All IMO GLTAH. Happy Hunting!!!
