XAUUSD 4HR ChartI expect gold price will go down back to somewhere around $1825. There are still gap to fill, probably filling up the gap before it can go higher.
Gapfill
VIX Trend As we can see today the SPY bounced up from it's trendline in the morning, breaking out on a major resistance.
Two scenarios can happen tomorrow
#1
VIX bounces from the trendline causing the SPY to go down which would invalidate todays breakout and cause it to come back down. Considering that both the SPY and VIX have an opposite GAP it could go either way.
#2
VIX breaks the trendline and may come down to fill the GAP it has around the marked area. In this case we can confirm that the SPY can move up to fill it's GAP as well.
Trade safe ! I'd love to hear your input and thoughts on this.
$RBLX - Continuation of Stage 4?Dear all,
In a weak market, I look for stage 4 breakouts and continuation pattersn (based on the famous Stan Weinstein).
I try to look for bear flags that fall together with downsloping 50 day sma (or at least very close, a few %s).
Roblox had a gap down 15dec on big volume, price is now trying to fill the gap.
While it is trying to fill the gap it is forming a potential bearish flag.
If the gap is filled, price would coincide with the decling 50dma, AVWAP from recent high and the downtrending resistance line (since august).
When this point is reached (and only when), and price is resisted at the 50dma or breaks the flag, this could be a good entry for buyings some puts (3 months out).
Possible stoploss could be the long term downtrending resistance line or 50dma.
Things to consider for a stage 4:
- weak overall market :check
- declining 30 week Ma :check
- declining 10 week Ma :check
- 10 w underneath 30w :check
- Loss of trendline :TBA
Extra reasons for stage 4 decline:
- Big volume on down days
- Gap downs
- Resistance of AVWAP of important dates
Gap fill down completed, back to 240sI posted an idea back in October where I predicted MSFT would hit an initial target of 265 (bottom of yellow box). It reached low 260s and fell just shy of that, leaving a gap open. It pulled back to fill that gap today.
Market is setup for a bounce in the coming weeks, and MSFT will follow. For MSFT I see the pop post Oct earnings as a sign of strength (SoS) after accumulating - this pullback is the backup/retest of support. From here it will run to fill gap at min (237) and likely continue into the 240s by Jan 20. Will re-eval there.
The play on this discount today is the Jan 20 235 calls.
Short Tesla for the next 5 days!We just saw the gap get filled at $123 as I said would happen and that was the short entry to $110 for some fast and furious money! I’m shorting Tesla with 50x leverage from $123.01 to $110.02. From there I will take profit and renter maybe $1112-113 for the ride down to $93. On the swing trade for 2-6 months I see a target of $66. I’ll post another macro chart with Fibonacci points of intrest for this no brainer. Once Elon sold 3 and 1/2 billion of his own stock I knew Tesla was going under $100. Buy zone is $66-46
SPY and what to expect for the next dayJust what I think will happen potentially for Tuesday. Like I said, I'm not a genius(yet), so for all I know we could completely ingnore the levels. But, maybe something to think about for the approaching week. Many more videos soon on my trades but I'm mainly using it to track my progress and see what works. Have a nice day! Merry Xmas!
EDU: BOTTOMING PATTERN & GAP FILL PLAYEDU ( Chinese stock ):
I'm bullish Chinese stocks in general but I really do like the look of EDU.
A few reasons to keep a good look on EDU:
- price is now above all the moving averages on the daily chart;
- price is getting back above the Ichimoku cloud;
- there is a huge gap between $29.70 and $57.34;
- the weekly chart chart has the look of an inverted head and shoulders (but not really perfect).
Has EDU found a bottom? It looks like it.
Can we fill that gap? Not sure. However the chart looks promising.
The next resistance is at 29.70. If we cross 29.70 I would expect the price to accelerate to the next resistance of 50.27, then potentially fill the gap.
If we see weakness in the coming days, the next supports are at 24 and 22.
I would wait for the price to cross 29.70 before initiating a long position. My 1st target will then be around 50, my second target will be at 57.
Trade safe!
(This is no financial advice. Technical analysis is given to help you make your own decision. As always place a stop loss when you enter the position, and do not ignore risks of delisting for Chinese ADRs).
TAL: inverted head and shoulders and gap fill playTAL (Chinese Stock) :
I'm bullish Chinese stocks in general but I really do like the look of TAL, which looks very similar to EDU.
A few reasons to keep a good look on TAL:
- price is slowly getting back above the Ichimoku cloud;
- there is a huge gap between $9.68 and $17.36;
- the weekly chart chart has the look of an inverted head and shoulders (bottoming pattern).
Has TAL found a bottom? It looks like it.
Can we fill that gap? Not sure. However the chart looks promising.
The next resistances are at 5.45, 5.66, 5.91 and 6.48. If we cross 6.48 I would expect the price to accelerate to the next resistance of 9.68, then potentially fill the gap.
If we see weakness in the coming days, the next supports are at 4.62 and 4.28.
I'm initiating a long position today with a stop around 4.80.
If you cannot monitor your trade actively, waiting for a break of 6.48/6.80 is a wise decision.
Trade safe!
(This is no financial advice. Technical analysis is given to help you make your own decision. As always place a stop loss when you enter the position, and do not ignore risks of delisting for Chinese ADRs).
SPX: Gap filled, another target hit! Next KEY POINTS!• The index filled our gap at 3,818, which was our target since my public analysis on Dec 15 (link below, as usual);
• Now, it is trying to lose this technical key point. In this scenario, the bear trend will just continue, and the next technical support is the next bottom at 3,744;
• So far, there’s no evidence of a bottom on SPX yet, as it lacks bullish reaction;
• If SPX reacts, it could easily bounce again to higher levels, but as long as it stays under the 21 ema in the daily chart, the trend will remain bearish;
• We see five bearish candlesticks in a row, which is quite uncommon to see. Either way, the 3,818 is still a key point, as if the index reacts above this area, it still might work as a support.
• I’ll keep you updated on this.
Remember to follow me to keep in touch with my daily analyses!
QQQ: BULLSEYE! Gap filled. What's next?• QQQ hit our target, as it filled our gap at $268.50 (red line);
• We set this target on our previous public study on QQQ, on Dec 15 (link below this analysis);
• QQQ acted according to the technique so far, and there’s no clear bottom sign on it yet;
• If QQQ actually loses the red line, the next technical target is the next bottom at $259.08;
• Only if we see a good bullish reaction, and QQQ stays above the support at the red line, we might see a bounce on it. In this case, the 21 ema is the next technical resistance;
• Either way, QQQ looks interesting. I’ll keep you updated.
Remember to follow me to keep in touch with my daily analyses!
AAPL $96 GAP Fill?AAPL no longer king? Recession, supply issues could see the stock fill the gap at $96. I also don't see APPL making new highs for the foreseeable future. Could be a kangaroo market going sideways for a while.
AMZN to $49 Gap Fill?AMZN is looking pretty nasty as of late. Official recession is on the horizon, could we finally see that gap fill at $49. Will also be watching the MACD for some divergence to signal the bottom.
That 50 & 200 are getting close!And all those gaps still to fill...c'mon Golden Cross, it's been a long time!!
Bajaj finance bajaj finance is in good level some agp is pending in the bajaj finance
hope that gap will fill on the monday session of market
in weekly also crucial support level breaked so that ,bearish momentum pending
NFLX long if above 322As you can see by the chart trendline of wedge was broken. Long wicks circled by ellipses indicated bullish at resistance but it broke back down to take out the stop losses set by many who were anticipating a breakout. Re confirmed back above trend line with new wicks ellipses and retest for breakout to fill gap around 330. I will enter longs if above 322. Otherwise I will expect a breakdown to fill out rest of wedge from previous idea post.
Cheers!!
Trade safe have fun!
FOLLOW ME ON MY JOURNEY FROM 1K TO 10MIL!!
NFLX: GAP FILL PLAY AND POTENTIAL CUP N HANDLENFLX has lost 76% from its November highs to its July lows.
Looking at the chart from a purely technical point of view, here is what I see:
- the stock has not retraced much of its down move. A 0.382 retrace would be at $366 and a 0.5 retrace would be at $428.
- There's a huge gap between $331 and $249/250. If we were to fill the gap, the target would be $331. To play the gap fill I' d wait for the price to break $250.
- A cup and handle is forming with a target between $331 and $366. However the pattern will only be confirmed should we break $250.
I'm neutral now, but I'm watching the stock closely. A break of $250 would trigger a long entry with a stop at 240.
Keep it on your watch list.
Trade safe.
SHOP - formed a baseAfter falling more than 80% from it's peak of 176.29 on 19 Nov 2021, SHOP began to range sideways since May 2022, forming a rounded base. There was an attempt break up the neckline @ 45.43 on 11 Aug 2022 but it failed after filling a prior gap that happened on 4th May.
It is now close to making another attempt at breaking up and there is a chance it could stall at the neckline (again). However, now that it is crossing above its 200 day moving average, its odds of breaking up successfully in the near future has increased.
Long the breakup with an initial stop just slightly below it's 20 or 50 day moving average.
Its momentum is strong as long as it continues to trend up along or above it's 20 day moving average.
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!
META - my oculus sees a gap fill Gaps get filled. Green arrows show latest dip buys filled the gap from the mass sell off. My red arrows show potential gap fills to equalize this out.
Entered PUTS late in the afternoon in anticipation of a gap fill to the downside and seeing the post market dip as well as nice candle Pin off of the 20ma (red line) on the daily gives me a solid indication of where the METAverse is headed in the next few days. The is not investment advice just another one of my crazy ideas…. trade at your own risk.
Will I put dinner on the table with this trade? Like and follow to find out!! Yehawwwwww traders!
SPX 15 min Cup and handle Tracking a possible Cup and Handle on SPX 15 min, Using a fib retracement and an extension we can see a crabwalk for most of today with a breakout up into the 4030 ish range within the next 24to 48 hours. Also a pretty big AM gap t fill between 4010-4020
AUDUSD Projection for Week of 28 Nov - 2 Dec 2022Anticipating AUDUSD to climb up all the way to the market gap created early Monday and head up to grab the liquidity lying further above to form the high of the week either on Tuesday or Wednesday for a SELL at a premium zone.
A major pattern failure in this one indicates a very good upsideAs the charts show,
- Weekly head and shoulder pattern failure.
- A major downtrend got reversed from a gap which happened on Monday(a very important thing to look out).
- 45% up after taking the support of the gap.
- Very strong daily close today.
- Start the accumulation now for great upside from 65 and up levels.
Costco looks great for a BUY - NOT Cup and Handle has formed on Costco and the system has lined up beautifully for a long with a target of $587.65.
However, no trade will be taken according to the system as there is a GAP in the pattern.
Gaps close 70% of the time... It might work out but through my experience, gaps close shortly after (which is where the stop loss would more or less be).
WARNING: Gap - No trade
