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Gapfill

USDCAD GAP FILLUSDCAD is approaching a short term trendline. A breakout and confirmation above the trendline will open the roof for this pair to retest the previously made high before dropping massively to fill the gap. The Pair has a possibility too, of bouncing from the trendline, breaking below the lower trendline, and finally filling the gap. My bias for this pair is Short if the upper trendline holds else a short term Long and then Short the pair, taking profit near the gap. Fundamentals on USD may affect the pair
Short
by nahashonmaish
Gap Fill Psychology of Market ParticipantsI know of a lot of traders who only trade gaps due to their high predictability. Whether the move is up or down, the emotions of trapped traders are the same. If you are part of the range that is trapped, you are only thinking about one thing, how do I exit this trade with as little loss as possible? The graph above shows that there are too many people trapped above to fit into one small candle. As soon as the price approaches the range, those willing to take a bigger loss get on the life boat first. Those who are holding out to break even continue to hope that the price will go back into the range. When they realize that the price is not coming back into the range, that's when their emotions kick into to hyper drive and they realize the price may never come back into the range. The thoughts are: This is a scam! Why does this always happen to me! Of course the price would reverse here, I have the worst luck! OMG what if this is the start of a crash! I usually don't post ideas on gaps, but below you can see the gap idea that I posted for Danaher, a company that made a COVID test that produces results in under 4 hours. The price came right back down to the gap and reversed. Sometimes gaps fill, and sometimes price only reaches the tip of the gap. Two very distinct areas to set stop losses for your trades.
CME_MINI:ESM2020Education
by ttrending
1
Walmart Day Chart, Gap Fill 5/1/2020Looking at Walmarts chart it seems like it is infamous for filling gaps made pretty quickly last gap made was around the 127.33 price which i think will get filled tomorrow on 5/1/2020 to start the month our in green but it seems like whenever gaps are filled they are taken right back so maybe set a TP for the 127 price range also MACD on average makes around 3-4 bearish candles on the day chart before it makes a lighter red and smaller bearish candle it seems like we are headed in that route especially after Walmart's huge sell off recently i think walmart is one of the stronger retail business' (if not the strongest) during a recession or during hard times there is no reason for the huge sell off, it will be back at ATHs in the next two weeks and hitting 127 either tomorrow or Monday
NYSE:WMTLong
by mandujanotony31
SPX - Just closed a GAP.* Remember to support with LIKE and FOLLOW me for more analysis * SPX today’s candle is a little annoying, yes, but we shouldn’t expect that the market can always go up, without taking a rest. The price respected the 2858 support zone (light blue line) and closed a gap. If we look at the hourly chart, we may see this move as a correction after a pivot breakout, which is a natural and healthy move for SPX. Now, there’s not much to do. Like Charles Dow would say, the trend will continue, until it got reversed. In the lack of any bearish sign, we can understand any drop in the prices as a pullback. * LIKE this idea and FOLLOW me, because: - Here, you will see clean charts; - Daily analysis; - Trades with clear risk management; - The best of Dow Theory, Price Action and Candlestick psychology; - Chart patterns with statistics. * * My name is Nathan, I'm a trader and portfolio manager and I'm here to LEARN. Leave your COMMENT and FOLLOW me to keep in touch. *
TVC:SPX
by Nathan_The_Finance_Hydra
ABBV to Long, from 67 to 81ABBV to Long, from 67 to 81 Existing Condition: 1. 08/16/2019 Weekly demand zone confirmed 2. in 60 min, down trendline break by breakaway Gap (G1) 3. Re-test the Gap, Gap filled. Entry below 67 Stop: 62.5 Target1: 81; Risk:reward=1:3 Target2: 88; Risk:reward=1:4 If G2 (runway Gap up) breaks the 2nd down trend line. That is a measuring (40-50%) of the trend. That is another entry point. This is a trading school homework. I need 6 months to practice trading plan. If you like it, thank you for your support. Please use SIM/Demo account to try it, until my trading plans get high winning rate. In my real trade, I use options. I bought Jun 80 Call, limit 1.46. If stop: lose about 1.00. Sum of my ideas: 5 active, 4 winner, 1 loser, 0 pending for condition; 4 analysis only, 8 cancelled;
NYSE:ABBVLong
by PlanTradePlanMM