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Gapfill

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.
ALong
by TradeStation
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!!!
ASX:STOLong
by Trader_Johnni
BTC1! - Weekly CME Gap update (05/25)BTC1! futures opens with a small gap (~1.5%) down. Will we close it or not? I think we will and it get closed within a week. The previous one was closed one day later. So, if to trade the gap here, it could be something like long $8800, stop below $8600, target $9-9.1k. Maybe we'll get a big candle in that area and fast rejection off $9100. Hit the "LIKE" button and follow to support, thank you. Information is just for educational purposes, never financial advice. Always do your own research.
CME:BTC1!
by Bitduke
3
NASDAQ 5% from record high... potential SELL (GAP FILLED)Hi Traders, The NASDAQ was 5% from its record highs pre COVID - 19 If you take a look to the left hand side there was a gap in the market which has now been filled. Yes the FED is printing trillions of USD, however I feel we could be due a sizable pull back across the board. Bearish divergence on the RSI whilst the market prints new highs. It has now reached the cap on the channel formation. My SL is above the channel formation, I have left my take profit open to see how the market reacts tonight. Any thoughts and comments please let me know below.
CME_MINI:NQ1!Short
by Trading_Tony
4
XLE: Will Energy ETF Fill the Gap?What a difference a month makes! At this time in April, crude oil was in negative territory as the market literally paid you to take barrels away. Now it's rebounded sharply as the economy reopens. On top of that, Memorial Day weekend is coming. Even if coronavirus hurts some travel demand, summer driving season is still around the corner. That brings us back to the energy sector, which is has spent the last three weeks consolidating. The SPDR Energy ETF held roughly $36 last week. That area marked the highs on March 10 and April 9. In other words, old resistance has become new support. The next chart feature to watch is XLE’s bearish gap from March 9. If it starts to fill that space, buyers may look for a continued push toward at least $42. That price zone also marks the 50 percent retracement of its decline in 2020. Overall the move in energy is based on seasonality and a lot of economic drivers. Charts alone may not capture its potential to rebound because the market could also face a macro sentiment shift toward beaten-down cyclicals and away from growth stocks – at least for a few weeks. If that’s the case, energy could be the top beneficiary – along with small caps, financials and industrials. Within energy, traders with the time may want to take a wider view toward refineries and oil-field service providers.
AMEX:XLELong
by TradeStation
BTC1! - Weekly CME Gap update (05/18)CME:BTC1! was opened to a +2.76% gap which was already filled. For example, if you decided to trade this weekly gap with avg stop size about ~3%, it would be a low R:R trade at the moment; but with a tighter stop loss you most likely was stopped out. You can try to vary parameters in my "Gap Strategy " and find the best strategy for gaps. Hit the "LIKE" button and follow to support, thank you. Information is just for educational purposes, never financial advice. Always do your own research.
CME:BTC1!
by Bitduke
Bulltrap Nearing Completion - 4 Ideas on the BreakdownWe're finally nearing the completion of my bulltrap forecasts, and unsurprisingly, the market has chosen to draw it out as long as possible to the intersection of the previous lower trendline (dashed line) and the upper bearish trendline. The market laid out a nice bear trap by breaking below the previous lower trend line early, before opting to grind and re-test it multiple times once it turned into overhead resistance. I believe we're finally seeing the reversal downwards, though the bulls have some important support levels at 280 and 278 which could result in a bounce or sideways grind before finally breaking down. Bulls will look to defend this new lower trendline, while bears will look to break it down as soon as possible to open the door to much more downside movement.
AMEX:SPYShort
by MisterBurkes
BTC - Largest CME Gap everCME:BTC1! opens to a ~12.3% gap, the largest gap to the moment on CME bitcoin futures. Last gap, second in size, caused by dump in March was filled only after a month. But this time until halving only a day, not even a month. Will Bitcoin go up to fill in the CME gap this week? Historically, CME gaps for bitcoin price fill over 95% of the time: sooner or later. Hit the "LIKE" button and follow to support, thank you. Information is just for educational purposes, never financial advice. Always do your own research.
CME:BTC1!Long
by Bitduke
2