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Gaps

SPX's Elliott wave, possible change of count. Gaps behavior Usually we get Gaps in a 3ed Elliott wave or in "C" wave which show the strength of that wave In our case , since March low we are getting more gaps in wave 5 than waves 1+2+3+4 !!!! not good indicator that we have the right count !!! it is very possible that March's low is basically still corrective and this is wave "B" and we re in wave "C" of it. Therefore, it is very probable that our wave 5 is acutely a wave c of B. Then we will correct in wave C and break March's low. Or i could be wrong ; -). wish you all the best.
SP:SPX
by samitrading
MT - Sleeping GiantMT is typically the slower brother to that of Mr. X, but that's about to change. Why? - Reducing costs, plan to lay off about 20% of workforce in coming years - >$1B in Buyback planned - Spot prices of steel have are at 7-10 year highs and continue to rise - Demand will skyrocket once Biden's infrastructure stimulus revealed, and once economy opens back up - Other commodity price increases also pushes the price of steel up $MT is the largest steel manufacturer, and unlike others, it is active in the whole value chain, from exploration and development to mining, concentration, pelletizing, rail transport and port operations. With operations that span Europe, the Americas, Africa and Asia. It supplies over half of it's raw materials - allowing them to cost average down higher ore prices, thus expanding their margins on finished product. Technically: - 2 gaps to fill, 2nd gap brings us to $25.47 - I think those get filled next week. - PT: $30-35 by end of April
NYSE:MTLong
by sapientosapien
4
A bigger h&s with an even lower breakdown target appearsWe now have a bigger h&s with a more traditional horizontal neckline in play that if we were to trigger has a breakdown target around the mid 16,000s. Of course we must await confirmation...but this could potentially trigger a very deep correction....one item of bearish onfluence is there is a me futures gap around this range so a correction this deep is not impossible. Currently low probability we would go that far even if we did close candles below this neckline but worth considering all the same. As of now nothing is confirmed and a fakeout is still very possible. As always await confirmation.
GEMINI:BTCUSD
by DrDovetail
2
$ESH - Gap fill & potential head-fake on descending triangle 1. Gap between 0.016 and 0.019 2. Gap fill & potential Head-Fake, Head-fake before run seem common of late with triangle setups 3. If break above 0.019 head-fake confirmed and descending triangle still in play, other supporting indicators will be increased volume and MACD Cross 4. If rejects 0.019, descending triangle fails and will continue down or sideways 5. Previous rise to Descending triangle 6. Projected rise if triangle plays out = 0.038 (1-5) Elliot wave, Wave 4 is in progress with wave 5 yet to be seen. What's good? - A Class Management, 3x Directors moving from $0->500B start-ups into this ASX Micro-cap (Ex Google, Spotify, Youtube, Disney, Electronic Arts-EA Sports, Canva) - E-sports is a growing sector and only a small portion of gamers 'the elite' are currently monetized, this leaves a huge opening in the tournament space for intermediate gamers - Fully online tournament platform is already launched and operational with consistent growth in terms of games, sponsors and partnerships - Anticipation is building around Moguls release of a App and its entry into the Mobile gaming space - Just raised $8M in recent oversubscribed placement - New management have only been in place for ~3 months, their impact should start to materialise heading into 2021 - Strong potential for unexpected news as the industry is growing and evolving fast and investors are new to the sector -It's the unexpected announcements which move price hardest What's not good? - Large amount of shares on issue - Still a few levels of resistance to break through into blue sky territory - High risk speculative stock which is by no means guaranteed - Need to manage risk appropriately There's plenty more to add but only so much time AIMO DYOR
ELong
by Spade_of_Aces
Beautiful Make UpToday I got sent a lot of positive vibes about the methods I've been sharing so I wanted to give back. There are two great setups that a friend found I wanted to share on NYSE:REV and NYSE:EL . I don't know anything about the industry of women's makeup but I know when price action is beautiful! Both of these had some great around-earnings price action that is a testament to how great trades can be found Before AND After earnings on stocks. STOP BUYING OPTIONS RIGHT BEFORE EARNINGS! The action you want to play is in the weeks BEFORE and AFTER earnings! What makes price action a Beautiful setup to me is when the 50% Retracement lines up with past price inflections. Highs, lows, and gaps are fantastic to confirm Support and Resistance levels. EL demonstrates this beautifully!
NYSE:ELLong
by norok
SPY Respecting Technicals in the Face of UncertaintyHello, Here is an updated SPY chart for everyone to consider. My analysis is on the chart but here are a few things I'm concerned about Bull Concerns: Bulls got news today but wasn't able to break a crucial technical level. (350-351) We have several gaps from our parabolic move that we will need to fill. It looks like we may be respecting a technical downtrend that was an extension from Octobers downtrend. We have 2 daily touches so far and we're working on a 3rd. Overall the PCCE ratio is actually too bullish. Meaning there may not be as many buyers in the market right now. Bear Concerns: Stimulus, Stimulus, Stimulus - Right now, I think this will be what the market needs to regain some bull structure. Uncontested Election - We are able to verify that we will have an easy transition of power Most of my thesis relies on the technicals, as that's what I love. But you must always consider the fundamentals as well. This is my analysis and any decision that you make is yours, and yours alone. AMEX:SPY
AMEX:SPYShort
by jakelikesstocks
18