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Gapfill

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!
AMEX:SPYShort
by DaddySawbucks
2
$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!
NASDAQ:REKRLong
by InsiderFinancial
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
Short
by theforexdaddy
1
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. Did you Like this idea? Do you like Free Indicators (check my profile)? Please give me a like and follow! I post crypto analysis, price action strategies and free indicators regularly. Questions? Comments? Want to get access to an entire suite of proven trading indicators? Come visit us on telegram and chat, or just soak up some knowledge. We make timely posts about the market, news, and strategy everyday. Our community isn't open only to subscribers - everyone is welcome to join. For Trialers & Chat: t.me/cryptorhythms
CME:BTC1!Long
by theheirophant
11
BTC safely above double top neckline..may go fill gap at 11.2k. We can see price action has broken back above the yellow horizontal double top neckline keeping us safe from a dreaded double top breakdown for now. We are also once again back above the top trendline of the falling wedge which previously had a fakeout breakout but this time around could very likely reach its breakout target(which from this spot on the wedge is around 11.1k) I think if this does occur, FOMO will give us the ability to then take price action up another pip or 2 to fill the CME gap at 11.2 either that or cme could trade at a slight premium around there and fill the gap without btc reaching 11.2 itself. Either way if we breakout here I think the 11.2 cme gap is likely to get filled and then the impending 4hr death cross will have very good odds of sending price action back down to those 8.5 / 7.2k gap levels. I think absolute worse case scenario here is 6k before the ned of the correction but I could see us skyrocketing back up after only reaching 8.6-8.5k. Also price action doesn't have to hit 8.5k to fill the gap if suddenly the CME contract were to start trading at a discount. For now I'm going temporarily long until the 4hr death cross...then neutral until I see whether the deahcross will be sustained, or just a fakeout.
COINBASE:BTCUSDLong
by DrDovetail
2
CME BTCUSD Gapfill - Short swing setupBTCUSD setup for a swing to around 10k (or lower depending on the price action) Two things I'm looking at: - Weekly Pivot Point is coming in at around 12k on spot and 12.4k on CME's - Gap fill at 12060 Looking to take profit at the H4 200EMA, currently 9800 on spot. Will stop out of this trade if CME's closes a H4 candle above the weekly pivot point (12.2k- 12.4k) Disclaimer: I'm not a financial advisor. Don't take this as financial advice.
CME:BTC1!Short
by GucciFlipFlops
1day chart pattern beginning to take shape: Falling Wedge?We have finally reached a 31% correction here when we dipped into the upper 9k region...odds are good the 1hr/4hr chart h&s pattern is really a decoy at this point as a 1 day chart falling wedge is starting to take shape more and more as the candles progress and is starting to seem more valid. We have also filled the highest gap on the cme futures contracts on the last correction leaving only the gap at 8.5k left to be filled. There is a slight chance this gap won't be filled but we could also easily throw a daily candle bottom wick down to it briefly and then slingshot back up and still manage to keep the daily candle bodies above the bottom trendline of the 1day wedge. I'll be keeping a close eye on the 4hr and 6hr charts to see if we have a turn back to the downside on them before forming a higher high on those time frames...if we do form a lower high on the 4&6 hr charts then odds of dipping down to fill that gap are still very good however if we form a higher high on either of those 2 time frames probability will then favor that are big correction may be complete and the bullrun is likely to resume. Still no guarantee that this falling wedge is the main pattern here on this move but as of now it is the frontrunner.
BITSTAMP:BTCUSD
by DrDovetail
1
Bitcoin's - Independence Day!Just a quick observation. It may be possible for the correction to end sooner than expected. Another perfect opportunity is on July 5th right after the July 4th Holiday to not only fill the CME Gap but also bounce off another closely watched trendline. See target area. So, to upgrade my weekly update it is very possible for this correction to finish as soon as the end of next week or drag out for a couple weeks as previously stated. It really just depends on how ambitious the market decides to get. Take away? Be ready for anything in the $8,000-$8,500 range. I firmly believe any longs picked up in that area will be well rewarded later this year. If we go down there, those will be prices we probably NEVER see again. EVER Good Luck BBS out!
COINBASE:BTCUSDLong
by BitcoinBearSlayer
3
$SNCR Synchronoss Technologies Has Room To Run and Gaps To Fill$SNCR has been one of the most beaten down names in the tech sector. The stock once traded as high as $52.50 a share before starting its long descent. Now, things look to be turning for the company and its stock. Roth Capital analyst Richard Baldry initiated coverage on the cloud-based enterprise computing and messaging specialist with a buy rating and a $13 price target. This follows the company's investor day where participants liked what they heard in terms of $SNCR longer-term growth, sales, and capital-allocation strategies. With all the gaps needed to be filled overhead and the depressed nature of the stock, we believe $SNCR can make a serious run higher. Shares are now trading above their 20, 50 and 200-day moving averages. It would not surprise us to see a quick move to the $10 to $12 region. As always, trade with caution and use protective stops. Good luck to all!
NASDAQ:SNCRLong
by InsiderFinancial
2
$XON Intrexon Corp Climbing Up The Charts$XON has been making a nice run up the charts lately. We don't think this run is over by far as there looks to be a lot of momentum behind $XON. There's also a gap higher that needs to be closed from $12.77 to $12.96 The stock is getting a boost today after announcing an exclusive wellness agreement with Surterra Wellness. The companies will join forces to advance Surterra's cannabinoid production at a reliable, efficient, cost-effective, industrial scale utilizing Intrexon's proprietary yeast fermentation platform. The $100 million deal, including milestones and royalties, will leverage each company's expertise to ultimately bring new cannabis products to market to meet growing, and more selective, future consumer demand, with greater supply chain security, in a more consistent, efficient and cost effective way. As always, trade with caution and use protective stops. Good luck to all!
XLong
by InsiderFinancial
BTCUSD 1H chart (5/21/2019)Good morning traders. Yesterday's chart has been hidden by Tradingview because I inadvertently mentioned other social media sites that I am on. So we will be using the same chart today. Overall, price remains in the TR it began printing on May 13th. Price's current location appears to be printing a diamond. Often diamond tops result in reversals, but not always. Whichever direction price moves, traders can usually expect that the ascending resistance, or descending support, lines will keep price in check. If it does break down through support, then traders should watch for a possible pullback at the demand zone/bottom of the TR around $7600. Price continuing through that area sets up the possibility of price filling the CME gap fully. However, this does not mean that price is headed to $5000. On the contrary, my expectation would be for price to bounce off the S1 pivot and head back up while continuing to print an ascending triangle. If price drops into the lower demand zone around $7400, this would invalidate my light blue wave count but would still keep the dark blue wave 4 intact. If price breaks up, then I would expect it to be a short-liquidating push up and target the R1 pivot. Can price head higher in this scenario? Sure it can, especially because I expect that a lot of people are short in this area. With that in mind, although we usually expect price to be kept in check by the resistance line, it is possible that price could surge through that ascending channel's resistance. For now, the 1H RSI is neutral with support and resistance lines noted. A close below support or above resistance on the 1H TF should indicate that price will continue in that direction. The 21 EMA and HVN are supporting currently supporting price. Stoch RSI just bounce out of oversold which means it has room to drop just a bit. The 4H RSI remains slightly bullish, but is sitting on its support. Stoch RSI on that TF is just now dipping into oversold. Daily RSI is bullish at 67 and the Stoch RSI is just now attempting to bounce out of oversold. With all of this in mind, I wouldn't be surprised to see price break to the downside, but I do believe that it would be limited in duration due to Stoch RSI being so close to bottoming out on all those TFs and RSI being neutral to bullish. Daily R3 pivot is at $7520. The orange zone indicates the daily demand zone which, again, I expect to ultimately support price on any attempted drop. While it does appear that we could be seeing a double top possibly forming over the past week, I'm hesitant right now to see the follow through since the various exchanges have significant differences in their May 16th swing low. The double top would not be confirmed until price closes below that swing low, so it would confirm on Binance first and Bitstamp last, with almost $1000 difference in pricing. More importantly, the target of the double top is the height of the swing high to swing low subtracted from the swing low. So not only would Bitstamp have to wait almost $1000 more to just confirm the double top, but then it would also have a $1000 lower target. Binance would be hitting its double top target just around the time Bitstamp confirms its own double top. The price target variance is just too large for me to give much consideration to a possible double top pattern at this time. Remember, Wave 2 was 1.5 months in duration and I have been saying since then that I expected Wave 4 to be at least 2 weeks long, but potentially up to 4 weeks. We are just over a week into Wave 4 at this time. While a sudden thrust through the resistance found at the $8000-$8300 level would have price exiting Wave 4 earlier than expected, with the volatility we have seen, I wouldn't be overly surprised. With all this being said, I remain long from ~$6830. Every day, we have a choice to act positively or negatively, so if you get a chance, do something decent for someone today which could be as simple as sharing a nice word with them. You just might change their day, or even their life. Remember, you can always click on the "share" button in the lower right hand of the screen, under the chart, and then click on "Make it mine" from the popup menu in order to get a live version of the chart that you can explore on your own.
KRAKEN:BTCUSDLong
by Chris_Inks