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Gaps

The Importance of Gaps in Technical AnalysisThree types of gaps: Breakaway, Runaway or Measuring Gap and Exhaustion Gap. Breakaway gap: 1.At a completion of an important price pattern and generally the breaking of a resistance occurs on a breakaway gap They sign the beginning of a significant market move 2.Breaking of a major trendline, in a reversal signal can also see a breakaway gap 3.They occur on heavy volume 4. Heavier are the volume, less likely the gap will be filled 5.The gap could be filled (generally not all the gap) 6. Upside gap they can work as support areas for subsequent market corrections 7. During an uptrend, it is important that prices do not follow below the gap, otherwise it is a sign of weakness If you are interested in Technical Analysis Theory, please subscribe and watch my Lessons studio.youtube.com
NASDAQ:GOOGEducation
by Mauriello
Very "old" trend-line in Starbucks - **IT WORKS**Good morning traders, Starbucks NASDAQ:SBUX hit a very strong Trend-line. We connected two points that are several years away and it's really interesting because it really stopped the market! This analysis contains not only a description of the current situation but is also partly EDUCATIONAL. The video content is as follows: 1. Market Profile (PinBar) 2. Volume Profile 3. Value Area 4. Trend-lines 5. Gaps 6. Zone trading We combine these points to create the whole picture. In the future, we plan to set up an alert manager for this type of trades so we can share it faster. Have good trading, FINEIGHT team
NASDAQ:SBUXLong
by Fineight
S&P 500 Gaps A look at the S&P 500 hourly chart shows numerous gaps created and filled, with most rejected, as price made a series of new lows at the open of each new trading day. Nearly every gap so far has been filled followed promptly by more selling. Friday’s record 10% move up on the state of emergency declaration saw price stop right at the most recent gap-fill level as well as the red downtrend line. Monday’s opening move will be an indication of what to expect in the short-term. A continued move higher would be bullish, while a rejection at the gap level and downtrend line would be bearish and likely lead to a re-test of the recent lows. A push below recent lows would likely lead to more selling ahead for markets.
SP:SPXShort
by PrepForProfit
1
Quick description how I use gaps in my decisions This video was more for a few of my friends asking me how I use Daily, Weekly, and Monthly Gaps for intraday trades. In my opinion, they are support and resistant zones. Combine them with trend channels and correlate between a top, middle, or bottom of a channel with a gap and it gives you I think a stronger direction indication. I combine the W5T Elliot Wave, BITS, and Roller Coaster indicators as confirmation of what's going on and to find opportunities that I didn't see or haven't drawn my channels on it.
CME_MINI:ES1!
by JDubTickTrader
IRBT Shorts "Sweep" in the Cards?IRBT - I'm expecting a move up. What I like: - Half-assed inverse head and shoulders on a daily - Start of an uptrend (albeit disorganized and choppy) - Relative strength with the indexes down over 1% - Holding closest symmetry support at $50.20 - Cluster of symmetry support from $47-48.33 with the uptrend line -786 fib retracement at $49.31 - Big ass gap above Beyond the technicals, my intuitive/dowsing approach is hinting at a short squeeze and move higher; and with 50% of the shares shorted (as I understand it), that could be F-U-N!
NASDAQ:IRBTLong
by JenRz
@ES_F Daily/Weekly Gap played very well! W5T Roller Coaster moveUPDATE from last nights post. Look how we blew through the weekly gap, a couple daily gaps, and bounced off the daily center channel line. If you read the Price Action Breakdown book by Laurentiu Damir we wicked just below the daily center channel, filled a daily gap, and rocketed back up 80 plus ticks. The W5T Roller Coaster indicator called this move days ago and only went a few ticks negative one day. The rest was down hill short big time!
CME_MINI:ES1!Short
by JDubTickTrader
W5T Elliot Wave, BITS, Roller Coaster Indicators ES1!Nice gap down on the Sunday open creating a deeper W5T Elliot wave 4 pullback on a daily chart. Almost a wave 5 down on a 5 minute chart. A lot of people don't realize you can have multiple wave patterns going opposite directions at the same time. With the right charting and wave count isolated you can see them in action. The wave 5 down on the 5 minute is actually a wave 4 pullback on a daily chart. Stay tuned for updates tomorrow on this.
CME_MINI:ES1!Short
by JDubTickTrader