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Gaps

USE GAPS AS SUPPORT & RESISTANCE! Today's tutorial covers the topic of GAPS: ** what is a gap? ** - Gaps occur when a stock moves up (or down) significantly during pre- and postmarket hours, so that there is a major difference between closing and opening price. A lot of times this gap will get "filled" over time, which means that the market is often attracted by a gap. ** A gap up is filled to the downside ** ** A gap down is filled to the upside ** -> ** KEEP IN MIND GAP FILLS DO NOT HAVE TO HAPPEN! ** In this tutorial I'll show you how you can ** use GAPS as support & resistance **: --> Look at the chart:)
XETR:HFG
by TizTrader
Gap TheoryThe gap theory is short and simple. Not everything needs to be lengthy and laborious. "Everything should be simple as possible, but not any simpler" Break-Away Gap Once a new cycle has begun and you see a breakaway gap in the STARTING of a move, you get confirmation of this new cycle. HOLD. Run-Away Gap Once the trend is continuing for some time and then you see a second gap, this is a confirmation that you are somewhere in the MIDDLE of the move, so you know a further movement in price is expected. HOLD. There is a possibility that you can get multiple runaway gaps. Exhaustion Gap After a move in price had already happened, a gap that signals the END of the move happens. If this is your 3rd gap on the, you should look very closely to distinguish if it is a runaway gap or exhaustion gap. SELL. How do you tell the difference between the exhaustion gap and the runaway gap? Easy, if after the gap happens the price shoot straight up without closing the gap in the next few days ---> runaway gap. HOLD. if after the gap happens the price is closing the gap in the next few days ---> exhaustion gap. SELL. If you like it, follow and like so it will be saved in your saved ideas for future reference.
AMEX:MJEducation
by ZoharCho
5
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