Uber Short Term BullishEntered a options call on Monday (expires Friday – high risk) since most of my indicators point short term bullish and we have 2 gaps that will probably get filled before tanking again to even lower lows. Anyone agree? As long as price maintains above $28, I will be in profit for my options call.
Gaps
Long AudJpy (11/18) Liquidity gaps "Liquidity gaps" have been proving themselves over and over. Everytime there is a decent sized movement, price always seems to "fill in" or trade through those spots again. I've highlighted two spots in light yellow. (A third was a maybe).
It looks like price is likely going to trade in to these "gaps" , I've highlighted. These are concepts learned from ICT.
Also, I watched price fill the Weekly open last night and have noted this for a possible trading opp in the future. Any tips on Weekly opening gaps welcomed.
In a small position long with a short term target and a longer term target.
EU SellHave been following EURUSD some. Still newer to trading. However, I do see a gap in the market lower down on the weekly. Price may come down to there. Was looking for a sell setup as a previous buy from a couple weeks ago did not pan out. And here, we may have made a new lower high before dropping down again. Taking the fib tool and we can see how price has reacted right off of there. As traders, we also know price could retrace back up, maybe take a second position. For now, I have a small position that is headed downward.
S&P 500 / XBT Trade Hi Traders ,
This could be very risky play but I'm setting my short order at 2996.5 and TP 2945 . There are multiple gaps on there as you can see in black circles that need to be filed . You can also see in yellow historical gaps and areas they got filled .
If market decide to go higher this shouldn't get triggered but anything its possible.
As you an see D- its curling up and D+ loosing steam . I believe that price it will go down. We got rejected at R1 on 1M and 1W that confirms my approach .
My previous experience with AU in this situation worked out for me . This is not trading advice in anyway and I never share my entry and exit points but this time I will .
Market its in very unpredictable zone and anything can happen including hitting new ATH .
Thank you for checking this out and I would like to hear your opinion on this .
#BTC Update in 2H View - open gapsThese 2 gaps approximately linger around
- $8,500 - $8,400
- $6,000
Not only have the technicals I've provided since the midpoint of this year make sense, the CME Futures gaps confluence these levels perfectly as a bonus.
The first target remains at the $8,500 - $8,400 zone given. $6,000 remains the final zone we would see price achieve in the event of a catastrophic meltdown.
All gaps get filled, Nature only knows truth and math cant lie.It is simple Nature abhors a vacuum. So those gaps (empty space/vacuums/gaps) get filled regardless of what we can say or do about it. TA is can be done with minimal knowledge of Biorhythms and entropy. Gaps always get filled unless a system reaches catastrophic failure to the point where data points will always equal a parabolic trend indicator.
This is a machines way of saying "fuck if I know".
Remainder of 2019 Corn Price ActionThis is how 2019 is going to play out.
I can't believe how well this fractal lines up with the trendlines and the CME Gaps.
Both gaps at $8494 and $7175 will be filled by mid-September.
Sideway movement will follow until late January/early February.
Launch sequence to the moon will have begun by Mid-February.
Lets have a look at current CME Gaps...Today we want to have a look at the current CME Gaps (GAP BOYZ!!). Looking back in the past we can see that every single gap has sooner or later been filled, so we can use them as some sort of guidance through this jungle.
We see currently 3 gaps ...with the most recent one being between 11400 and 11900. The next ones are way below towards 10500 and even lower towards 8400 regions. We can see that we have a clear trendline break from the current upmove and we are shaping some sort of descending triangle overall. If we want to map this out with respecting all gaps then it looks to me that we are shaping some sort of short term double bottom at the 11300 regions which will push us back up towards 12000 ... to close that gap and maybe to test the trendline again.
After that I think we will see strong pressure downwards towards 10500. Once we get there I will update the chart.
Good Luck out there.
Komm zu t.me für Top Krypto Analysen.
5 minute h&s inside 30minute h&s's right shoulder triggersA 5 minute chart head and shoulder pattern hidden inside the right shoulder of a 30 minute charts head and shoulder pattern has triggered and reached its drop target sending price action down to the neckline of the 30 minute head and shoulder pattern. If the 30 minute h&s pattern triggers it's drop target is 9.6k or so. Considering we have gaps on the CME futures contracts to fill around 8500 odds are very good we will continue to dip lower so I think it's no coincidence that on the eve of the G20 summit at which they will be discussing unilaterally applying the FATF's new universal rules on crypto that the exchange bittrue suffers a big hack and price plummets setting the stage with pre FUD for G20 to employ even more FUDmongering. So I anticipate even more FUD from G20 to take the price even further doesn't to the 39% retracement support line at 8504 to fill all th gaps on thee CME futures. They say in stocks "All gaps must get filled" and while statistically 91.4% of all up gaps do get filled her's still that .6% of the time gaps don't get filled so i is very wise to ladder back in portions of your position on the way to 8504 because here's np guarantee we reach the bottom gap. That's what I will be doing anyways of course this is no financial advice and just my opinion so take from it whatever you will. Thanks for reading and good luck!
2 gaps on cme chart prompt valid concern for a correction I think we sill have another leg or 2 to break up but these gaps on the CME are alarming....mainly because traditional stock charts tend to always fill these gaps eventually and looking left on this chart we can see that any gaps in the past on this futures chart have indeed ben filled shortly thereafter. While I don't believe filling the gaps is an absolute, it has a high enough probability that I wouldn't be surprised if after one more leg up on bitcoin, we may see the long overdue 31-41% correction that has ye o come his bull run, a drop from the 12k range of 31% would dip us down to right around that area. Of course there's always a chance the gap isn't filled although far lower probability on that one. Something to keep an eye on regardless.
Bitcoin GapsThere is Two unfilled gaps on the Bitcoin CME Futures chart.
Gaps are areas on a chart where the price of a stock (or another financial instrument) moves sharply up or down, with little or no trading in between. As a result, the asset's chart shows a gap in the normal price pattern. The enterprising trader can interpret and exploit these gaps for profit.
Gap Basics
Gaps occur because of underlying fundamental or technical factors. For example, if a company's earnings are much higher than expected, the company's stock may gap up the next day. This means the stock price opened higher than it closed the day before, thereby leaving a gap. In the forex market, it is not uncommon for a report to generate so much buzz that it widens the bid and ask spread to a point where a significant gap can be seen. Similarly, a stock breaking a new high in the current session may open higher in the next session, thus gapping up for technical reasons.
How to Play the Gaps
There are many ways to take advantage of these gaps, with a few strategies more popular than others. Some traders will buy when fundamental or technical factors favor a gap on the next trading day. For example, they'll buy a stock after hours when a positive earnings report is released, hoping for a gap up on the following trading day. Traders might also buy or sell into highly liquid or illiquid positions at the beginning of a price movement, hoping for a good fill and a continued trend. For example, they may buy a currency when it is gapping up very quickly on low liquidity and there is no significant resistance overhead.
Some traders will fade gaps in the opposite direction once a high or low point has been determined (often through other forms of technical analysis). For example, if a stock gaps up on some speculative report, experienced traders may fade the gap by shorting the stock. Lastly, traders might buy when the price level reaches the prior support after the gap has been filled. An example of this strategy is outlined below.
Here are the key things you will want to remember when trading gaps:
∙ Once a stock has started to fill the gap, it will rarely stop, because there is often no immediate support or resistance.
∙ Exhaustion gaps and continuation gaps predict the price moving in two different directions – be sure you correctly classify the gap you are going to play.
∙ Retail investors are the ones who usually exhibit irrational exuberance; however, institutional investors may play along to help their portfolios, so be careful when using this indicator and wait for the price to start to break before taking a position.
∙ Be sure to watch the volume. High volume should be present in breakaway gaps, while low volume should occur in exhaustion gaps.
Source: investopedia.com
HFTs Make a Mistake on CELGCelgene Corp has had 3 HFT gaps this year. The first was gigantic. Then HFTs made a mistake and gapped the stock down. This resulted in Pro Trader buying at that lower level. Recently it gapped up and is in a compression mode.
CMT Gaps & S/R #long#CMT have a lot of gaps to fill on the way up, the full green horizontal lines, all other lines are EMA's, MA's, Ichimoku S/R
There is one gap below unfilled at 730 sats, this is where you long.