Get started

Gapfill

US 30 in ABC Correction? Road to ATH; in Handle of CupVolume lessens on rising prices, increases on downdrafts. RSI divergent. Small caps have reached .50 Fibo retrace off September's lower high. SP500 and Dow have a gap to fill down to the 0.50 Fibo. Three-day rally feels like a B wave, chaotic and widely fluctuant. If so, expect C wave down to the gapfill at the breakout point from Cup near 26300/SandP 2942. A hedged short here is probably a fair R/R as EOM 'window-dressing' is likely to finish what seems to be a modest correction. The ABC is consistent with Intermediate Wave 2 of a Primary wave 3; markets should enter third-in-third wave on completion of the modest correction. A severe tankoff would invalidate this hypothesis! IMO another major October downdraft is unlikely as these rarely happen two years in a row; but anything is possible in this mad market. Taking a small short position on indexes with the gap up in AM on 9/27; this gap will very likely fill in day; first week of October is likely to be choppy. Completing a corrective wave might coincide with positive trade news in Mid-October; if the outcome is disappointing expect a deeper selloff. Still very chancy. Indicators to watch: RUT strong support at 1500 (IWM 150, now trading near 153); small caps have been a leading signal canary. I'd close shorts with IWM at 150; DIA at 264; SPY at 294, if and when they get to these prices. An ABC complete wave could well provide launch point for next bullrun. Longer-term still Bullish going into New Year, I'm not convinced this appearance of H&S in the monthly chart is really going to rollover. We shall see! This isn't investment advice; just an idea, trade at your own risk; GLTA!
DJ:DJIShort
by DaddySawbucks
1
Gap filled. Time to buy??ROKU has been slaughtered over the last couple weeks. Is it time to buy for at least a bounce? I'm leaning towards yes... but I haven't really gotten an entry reason. ROKU fell more than 40% from wick to wick on the candlestick chart. That's pretty incredible... however, they have had a tremendously good year. I'm not saying they will go up and retest their all time highs, but why not make a little money off a bounce that is bound to happen at some point. That some point might be now.
NASDAQ:ROKULong
by Bankuur
7
Walmart Readying Itself for EMA Correction After Island ReversalNYSE:WMT has been beaten around lately after a report found they were mistreating a group of 178 female workers. After a gap down, more selling off, and then a rebound just above the widely used 200-EMA, it is now seemingly gearing up for a a bullish reversal out of an island reversal chart pattern. Green line: island reversal trajectory Orange rectangle: Gap zone with necessary breach for bullish confirmation. I would not enter a bullish position on NYSE:WMT without seeking this confirmation first.
NYSE:WMTLong
by DoozyTrader
USOIL - Bearish Cypher PatternThis could be interpreted as a bearish cypher or gartley (depending on the placement of point C) that invalidated the descending triangle we were previous in. By no means am I going short oil given the geopolitical sh*tstorm that is brewing, however in the case of a pullback from point D, I believe the 0.382 and 0.618 targets (green) that fall inline with the open gap that needs filled are attractive areas to go long. Will they get hit in the near future? I doubt it. However, it is just something to keep an eye on. Best of luck!
TVC:USOILLong
by BigDGoesHard
Bearish for Monday on SPY 1 hour!!Couldn't break above long-term uptrend AGAIN, volume declining, RSI overbought, volume divergence since the gap up, and the gap needs to be filled (well, usually they do...). Clearly the market was not overly impressed by the end of day on Friday. The entire day was flat, and .2 was shaven off SPY in the last few minutes of trading and it almost closed at 0 or just below. I have an open SPY call that I hedged with TVIX. I think Monday will be red. Depending on the futures action tomorrow night, I may buy a vertical put spread as well. I will go short until the gap is filled, unless something drastic happens and it decides to keep going up.
AMEX:SPYShort
by Bankuur
4
Bullish GartleyAbout CFMS Conformis, Inc. (NASDAQ: CFMS), is a medical device/ technology company that uses its proprietary iFit 'Image-to-Implant' technology platform to develop, manufacture and sell patient specific joint replacement implants that are designed to fit each patient's unique anatomy. Technicals Bullish Gartley pattern (786 retracement) Fibonacci confluence at the 1.272 extension 382 continuation pattern (Keeps bouncing off and making higher lows-- if it continues it could be used to further add) In-line with Fibonacci time-cycles RSI pushing higher on Daily and Weekly Potential gap up to fill up to the $2.75 level. Conclusion : CFMS has sufficient funds, great management and recently received some 510 certifications while broader markets were selling off. Looking to re-claim those prior gains. Will revisit the trade at or around time of the gap filling. Like and follow so I can continue finding awesome charts and trades. Thank you in advance d+) Twitter + Instagram @VolatilityWatch Disclosure: I am long CFMS. This is not a note to buy or sell, please do your homework before investing.
CLong
by follow_the_money
USD/JPY NEUTRAL (106.700 or 104.700)My current BIAS for USD/JPY for the upcoming week is NEUTRAL. My reasoning behind this is -We are currently rejecting a previous Weekly Support. -We have gapped around 45 pips in the market. -We will be looking for the gap to refill as usually when a gap is made in the market after market opening we tend to see price revisit previous price before then moving forward. -We could see a retest of our Daily Support with strong rejection after filling the gap and a push towards previous 4HR Resistance at 106.700. -We could also see a break below our Daily Support following up with a retest after the gap has been filled with for targets at our Weekly Support at 104.700. Like & Follow for updates & future analysis.
by RhysFX
2
$VIVE Viveve Medical Inc Has Gaps To Fill$VIVE has come across our screen after the company received 510k approval of its Viveve System 2.0, which is its second generation product. This is a big development and explains why the stock is up 24% today. We believe there's a lot more room for $VIVE to run as there are gaps above that need to be filled. There's $1.50 to $1.84 and then $2.50 to $3.18 Furthermore, the risk/reward looks good. Can go Long here with a stop at new 52-week lows at $.41 a share. As always, trade with caution and use protective stops. Good luck to all! About Viveve Viveve Medical, Inc. is a medical technology company focused on women's intimate health. Viveve is committed to advancing new solutions to improve women's overall well-being and quality of life. The internationally patented Viveve® System incorporates cryogen-cooled monopolar radiofrequency (CMRF) technology to uniformly deliver volumetric heating while gently cooling surface tissue to generate neocollagenesis in a single in-office session. International regulatory approvals and clearances have been received for vaginal laxity and/or improvement in sexual function indications in over 50 countries. Viveve is conducting VIVEVE II, a multicenter, randomized, double-blind, sham-controlled clinical trial to assess improvement of sexual function in women following vaginal childbirth. Completion of full 250 subject enrollment was announced in early March 2019. If successful, VIVEVE II results could support a marketing application for a new U.S. commercial indication. Currently, in the United States, the Viveve® System is cleared by the FDA for use in general surgical procedures for electrocoagulation and hemostasis. Viveve has fully enrolled LIBERATE-International, one of two planned independent, multicenter, randomized registration trials for the improvement of stress urinary incontinence in women and plans to re-submit an IDE to the FDA for LIBERATE-U.S. after conducting certain safety testing. The results of these two trials, if successful, could support marketing applications in the U.S. and over 30 countries around the world for this new commercial indication.
VLong
by InsiderFinancial
Red Dildo Alert! Bullflag Alert ! :DHeya All my fearful and panic engulfed people, Things are not looking too good now, yet they will get worse before they get better. How worse you ask? 8.5K I'd answer.... how better you ask, and I''ll answer to 16K and beyond... Have charted this bull flag several weeks ago and looks like it is finally taking the shape that I am comfortable sharing. This flag is as textbook as the bull flag gets, has all the right components and is accompanied with decreasing volume profile. I suspect that correction will continue further to 8.5 levels, thus accomplishing 4 things: 1. Completing the flag formation 2. Kissing 21 Weekly EMA 3. Filling the CME's gap ( if this is something that you fancy) 4. Fueling the wet dreams of "Fib circles of death and capitulation" guys by bringing price action to major FIB retracement level. To summarize: 1. We will continue to bleed for another week 2. There might be intermittent bounces here and there, but nothing major. 3. Keep your leverages under control and stop-losses tight. One more thing: Today Forbes has published this article. Which is extremely well researched yet it lacks the depth and overall understanding of the crypto market. It pledges current correction to events that are unrelated to BTC fundamentals as well as price and arguments that BTC price action is soaring because of things not going as expected. However, I would agree with with the sentiment of this piece on one thing, BTC is currently de-coupling itself from #shitcoins and this process comes with an accompaniment of blood sweat and tears. I would even argue that After massive decoupling event that will most likely take place in August and September we will see more red days (both on BTC and Alt Side) and some of the Alts will acquire their true value and market capitalization of Zero. www.forbes.com This is not some #moonboy talk. I keep my opinion to myself and let charts and my #Cat speak to me and you instead. My cat is a real market wiz and this was the message that I have received from her. :D :D :D www.instagram.com Stay safe people and have a productive as well as a lucrative week! Cheers Archie
BITFINEX:BTCUSDShort
by akublashvili