xagusd 21 dollar soonSilver will hitt 21 dollar per ounce, after retested the last gap , there is a new gap.
If China buys more silver tonight we could reach 20 dollar per ounce.
If China doesn't buy and short ; then we will retest the last gap around 17.300 and 17.400.
Have a nice and risk management week
Gapfill
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.
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!
Apple to fall despite tuesday release?Apple jumped into a "zone" last week. Last two times we seen a pretty good drop from this area. We also have a "gap fill" possibility below. I like bearish positions on this with break out the bottom of the zone, played back to the EMAs and possible further. With NQ looking bearish just adds a bit more confirmation.
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.
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.
Gold GAP and move back up!1st. I see H&S pattern on USD index 1d chart which is testing it's necline now.
2nd. We had pretty big GAP when gold opened, which closed just right now.
After these two I'm expecting gold will go back up to this day high (pink line) if we break it next stop on MT4 is 1605. Thats prety high jump, but if USD H&S wil work it that not even the highestwe can go.
Good luck.
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.
$GME Has Gaps To Fill and Room To RunMichael Burry, whose prescient bet against subprime mortgages before the financial crisis was depicted in the book and movie The Big Short, is making another contrarian call: going long shares of GameStop.
We believe the low of $3.15 will hold and can go long off a stop just below.
As always, trade with caution and use protective stops.
Good luck to all!
$VIVE Viveve Medical Inc Has Gaps To Fill$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.
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
SAM needs to dropThanks for reading this post. For several reason it seems SAM needs to drop, we see from history that it doesn't like to leave gaps unfilled (see three thin grey rectangular shapes across the graph) and it currently has one at 366. There is also a 1.27 extension of the most recent impulse wave down from its high at 364. Using time symmetry (you can see it in the ABC correction I've outlined earlier in the year) I would say roughly 6 days after it starts to turn down would be a good time to take profits on a short position. Lastly we see a very high level of volume on a relatively average sized green candlestick which implies that a lot of selling is going on 'behind the scenes.' Today it got a price upgrade but I am still bearish into the mid 360s for aforementioned reasons, setup is invalidated only by SAM making a new high.
I SPY a Gap 2 Fill in Descending Triangle!Simple idea. Triangle is ominous as these typically break thru the floor of wedge, although a rally is not out of realm of possibility, seems less likely every day.
Fourth trip to bottom of the wedge usually breaks the floor. There is that gap to fill, which might occur Tues; if not, 1/8 gaps never fill, so maybe not a good bet IMO.
Getting more bearish daily. Expect the megaphone to unroll soon. This is not advice; trade at your own risk. GLTA!
ELVT, Elevate Credit Inc. - Rectangle Bullish BreakoutNYSE:ELVT
Clear rectangle with bullish breakout, in which the gap could be compensated by a price recovery so as to greatly raise the Risk Reward. If it were to go to target could be one of those trades that make the profit of the year by covering a good part of the trades in loss so as to greatly increase the Profit Factor.
$REKR Rekor Systems Looks To Close The Gap At $1.72 to $1.85$REKR has popped up on our radar after 2 days of climbing the chart on nice volume. The stock is now trading above its 20, 50 and 200 day moving averages. Looking at the chart, we see that there is a gap that needs to be closed between $1.72 and $1.85. Judging by its history, we believe the stock can do it and then some.
What's been pumping the stock lately has been a lot of news flow coming out of the company about its NUMERUS™ cloud-based solution for electronic tolling. According to the company:
Numerus'™ easy to implement cloud-based solution costs less than 75 cents per thousand for greater than 5,000,000 transactions per month. Beyond reading a license plate with industry-leading accuracy, NUMERUS™ provides unique two-part authentication by instantly identifying the vehicle's make, model, color and body type along with the license plate read. NUMERUS'™ machine learning enabled software recognizes license plates from all 50 U.S. states, in addition to plates from more than 70 countries around the globe on six continents.
$REKR has just signed deals with Colorado and Northern California. Judging by the number of press releases over the past month, we expect quite a few more to hit the tape and that just might be the catalyst to close the gap.
For traders looking to take a position, probably need to place the stop at $.90 a share. We know this is big on a percentage basis, but we think the risk/reward is there. $REKR could easily be a double if it gets going as it has in the past.
As always, trade with caution and use protective stops.
Good luck to all!
EUR/USD TWO SCENARIO ANALYSEAfter breaking this really significant level around 1.11100, EUR/USD has become a really interesting pair to watch closely.
Here we have two scenarios:
1- The price has broken this zone, went for a retest and now is starting the strong expected downtrend move.
2- The price might push a little higher touching the fib golden ratio and the trendline before starting the strong expected downtrend move.
My targets will be 1.08000 zone, which will also be the close of the gap left since 2017.
More analysis to post later, stay tuned!
#tradesafe
My thought about current BTC market.The small gap at 9865 got filled, the next target can be the big bearish gap at 11599. The price can make a wick to top of channel. I have my own sell order at 11700 (maybe I lower it under 11600).
Then price will go down to fill in the gap at 8488 in middle of Aug.
In 2H time frame RVGI turning upward.
This is just my thought. Don’t trade based on it.
July 4th Action & CME Gaps to Fill July 4th Action & CME Gaps to Fill
Just a few quick thoughts about our current situation... as always not financial advice, DYOR, etc!
I think the chart write up mostly speaks for itself. Still a few CME gaps to close one above us @ 11,500-12000. I suspect we may end up in this area tomorrow.
Then on the 4th of July when CME is close we gap down. There are a few gaps below us the first one at 8500-8900, which I think we will test. Then there is another at 7200-7450 that was only partially filled.
There is a scalp long opportunity available for the near term followed by a contraction afterwards.
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