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Gapfill

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
MCOM: 3 Line Strike at PCZ of Bullish Deep CrabThe RSI is peaking above the oversold zone after confirming a Bullish engulfing and very nearly confirming a 3 Line Strike at the PCZ of a Bullish Deep Crab. I do not normally enter stocks like this, but seeing how cheap this stock is and how the market cap is only $5 Million, yet the annual revenue is more than half of that, along with the fact that there is a bit of a technical argument for a gap fill from these levels, I decided it was worth taking a small chance on this stock to see if it can gain some major upside.
MLong
by RizeSenpai
AMZN - too hot out of the gate?NASDAQ:AMZN is showing signs a reversal could be on the horizon. Looking at the gap-down on Sept. 21, we see the bulls have recently attempted to fill this gap but thus far have failed (as of the writing of this post). This is occurring alongside an active rug pull event at $128.81 as well as an overbought RSI beginning to cool-off. All signs showing this could begin heading back towards $128.81 as a minimum downside target. We are keeping an eye on how the technicals play out over the next couple of trading days to confirm this thesis.
NASDAQ:AMZN
by RocketTraveler
Do Li's electric vehicles are charged enough for Q4? One of my favourite ideas in electrical vehicle space - China's Li. Mid-term price structure still looks bullish to my eyes, despite Sep's sell-off bellow 50D MA. While the price is still under it (what is a "no-go" rule for any substantial long trades for me), I do like how price managed to find foothold slightly crossing below the ideal support zone. In the ideal world, I would argue that price is trying to form the bottom of what will later form into the lower are of a cup. That means that the price needs to hold above 33 area and start building the right side and later the handle of the reliable cup-and-handle pattern. In the short-term, I want the price to reclaim 21ema and fill the gap-down, happened late September. If the price follows through, we will see the key moving averages ordering into the right bullish sequence: 8ema/21ema/50ma what will probably provide us with the MA's crossover and at least several days tight cheat area with low risk-entry point. The fundamental side of Li's story makes almost the perfect case for the next up-cycle's true market leader: top-level triple digits earnings and sales growth last quarter, consistent double digits 3 quarters sales growth; super high annual earnings estimates. I would place a bet, that if price manages to move above 50D MA, institutional sponsorship will be increasing providing the fuel for the suggested bullish scenario.
NASDAQ:LILong
by artemfedorov
DELL - Is it Long or Short ? In the bad market conditions 'Bad news is bad news and Good news is also Bad news'. Dell announced that it joined the A.I bandwagon , SEED_TVCODER77_ETHBTCDATA:5B stock buy back and dividend increase. Too many good news but still stock dropped 2% today. In normal circumstances, in a perfect world, this is Bullish Flag. People would jump on long side as soon as it touches the top of the gap. The famous trader @traderstewie calls it 'Bullish PEG'. Is it a bull flag ? Is this going to fill the gap here? or hold the gap for a while just to kill both sides calls and puts? My bets are on the gap fill but slowly and painfully for the put holders. Short, Downside Target Price - 56
NYSE:DELLShort
by just4tradin
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
NFLX - Expecting Strong Support @ 380Since it began trendng more than a year ago from July 2022, NFLX has a tentancy to correct back to its rising trendline every 3 to 6 months or so. As at its close @ about 400 yesterday, it has already corrected 50% from it's recent AB swing. Whether it will find support here remains to be seen. Another 5% downside from here would bring it to 380, which is likely to be a strong support due to a confluene of: 1. Long term trendline support (Red) 2. Horizontal Resistance turning Support (Black) 3. 61.8% fib retracement of it's AB swing 4. Gap close (minor) All long bets are off should it break and stay below 380. Disclaimer: TA is about improving our odds of a successful trade (not a guarantee). This is just my own analysis and opinion for discussion and is NOT a trade advice. Kindly do your own due diligence and trade according to your own risk tolerance and don't forget that money management (ie stop loss and position sizing) is (probably the most) important! Take care and Good Luck!
NASDAQ:NFLXLong
by Juliac
4
Call Me Crazy But....NVDA LOOKS EXHAUSTEDNVDA has been the golden child of '23 for sure but I believe it's time for it to take a breather. I don't think such a large gap will go untouched for too much longer. I know I'm not the only one seeing this, so I'd expect there to be some games being played before we get there, either way I'll be positioned well for this fall. The higher it goes, the better the payout for me when it's all said and done. I might sound confident, but of course I could be completely wrong. Only Time Will Tell...
NASDAQ:NVDAShort
by MrxMvP
3
Apple -> Now Getting Long!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. On the weekly timeframe you can see that Apple is already approching previous resistance which could be acting as support and considering that this level is the previous all time high I certianly do expect at least a short term bullish rejection. However on the daily timeframe everything is still looking quite bearish - therefore I am waiting for a break and retest of the $183 daily structure level before the daily timeframe is also ready for more bullish upside. 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:AAPLLong
by basictradingtv
38
ELF - longer-term uptrend still intactELF has been one of the strong trending stocks since it broke above its 200 day moving average in Jun 2022. Despite the recent steep corrections experienced by the market in the past few weeks, ELF had only dipped briefly below it's 50 day moving average. Every reversion back to it's 50 day moving average as potential opportunity to long. with a trailing stop loss about 10% below the 50 day MA is prudent for the longer term investor. A swing trader would have a tighter trailing stop and on the lookout for re-entries on the long side as long as the trend remains intact. Disclaimer: Just my 2 cents and not a trade advice. Kindly do your own due diligence and trade according to your own risk tolerance and don't forget that money management is important! Take care and Good Luck!
NYSE:ELFLong
by Juliac
SPY close analysis 8/9/2023Gaps, gaps, and more gaps! Let's talk about that "holy moly gap." Bulls keep defending it. Every wick is being bought right up. That said, the bulls have failed to close into the gap above completely for 2 days straight. Time is running out for the upside (leave that gap above unfilled long enough and it'll become resistance) and CPI is tomorrow. Anything could happen in this support/resistance sandwich. I remain optimistic for upside and a test of 469 before a major meltdown.
AMEX:SPY
by upslidedown
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
Lockheed Martin Closing Gap?Lockheed martin earnings play. This stock has my interest with multiple contracts with the government and missing 1 of the last 5 earnings. Lockheed is no stranger to getting multiple contracts. A lot of constant contracts coming in with government agencies and commercial airlines. For a month it has been consolidating jun-jul and recently broke out of consolidation. coming up on earnings July 18th with price targets ranging from 498 to 579 and a strong out look from 1- 5 out of 5 its sitting at a 5 for earnings beat from Earnings whispers. Im Bullish looking for at least a gap fill at $475 Trade responsible, #TradeTheWave
NYSE:LMTLong
by FinesseTheWave
2
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
📊 Liquidity Gaps CheatsheetIn volatile markets, traders can benefit from large jumps in asset prices if they can be turned into opportunities. Gaps are areas on a chart where the price of a stock (or another financial instrument) moves sharply up or down, with little or no trading in between. As a result, the asset’s chart shows a gap in the normal price pattern. The enterprising trader can interpret and exploit these gaps for profit. 📌 What is a gap? A gap occurs when the price of a security moves quickly through a price level, either up or down, with little trading or pricing available over that time span. 📌 How they are formed Gaps can be caused by several factors, but they are mostly seen as a result of unexpected news or a technical breach of support or resistance. 🔹 On the fundamental side , the news could be a company beating earnings estimates by a large margin, or a speech by a Federal Reserve (Fed) official impacting interest rate expectations. 🔹 On the technical side, gaps can ensue following the break of a prior high/low, or other form of technical resistance or support, such as a key trend line. 💥 Key Takeaways About GAPS 🔹 Gaps are spaces on a chart that emerge when the price of the financial instrument significantly changes, with little or no trading in between. 🔹 Gaps can occur unexpectedly as the perceived value of the investment changes, due to underlying fundamental or technical factors, such as an earnings disappointment. 🔹 Gaps are classified as breakaway, exhaustion, common, or continuation, based on when they occur in a price pattern and what they signal. 👤 @QuantVue 📅 Daily Ideas about market update, psychology & indicators ❤️ If you appreciate our work, please like, comment and follow ❤️
Education
by QuantVue
3