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Gap

SPX: Bullish reaction above a support. What to expect next?• The index is trying to react this morning, and the timing of this reaction is quite good, after all, it is just above our support area, which I mentioned yesterday; • What’s more, yesterday’s candlestick indicates stabilization, while the 21 ema was working as a resistance; • Now, the index is just moving according to our previous analysis, and if it closes above the 21 ema again, it might bounce to the 4,083; • The 4,083 is a key resistance and it was a gap area; • Only if the index loses the 3,911 I see this bull trend getting weaker. So far, nothing new or surprising is going on. Another update tomorrow. Remember to follow me to keep in touch with my daily analyses!
SP:SPX
by Nathan_The_Finance_Hydra
3
SPX: Next KEY POINTS and SCENARIOS [UPDATED].• The index is struggling around its support area (red area), but there’s no bullish sign indicating a bottom yet; • In order for the index to react, it would be important to see it closing above the 21 ema again. In this scenario, the index might gain momentum to retest the previous resistance at 4,083 again; • On the other hand, if it fails in reacting in this support area, and loses the 3,911 (our most important support level for the mid-term), then the gap will become our next target, at 3,818; • Either way, given how important this support area is, we’ll probably have our answer soon. Let’s pay attention to these key points for now. I’ll keep you updated on this everyday. Remember to follow me to keep in touch with my daily analyses!
SP:SPX
by Nathan_The_Finance_Hydra
AMZN: Could it turn BULLISH gain? “Only” if it does THIS!• AMZN lost our key support level, after failing in breaking the 21 ema in the daily chart; • The volume is still low, a sign of weakness, and in theory, AMZN is seeking the next support at $85; • Only a miraculous reaction, making it close above the $90.59 again (making this a false breakout), could frustrate this bearish sentiment; • Either way, this is short-term thinking. If you are looking for a long-term reversal sign, watch the $101 area; • The $101 is a multiple support/resistance area. Clearly, this is an important key point. Only if AMZN breaks it we might see it seeking higher levels again – maybe filling the last gap around $133; • For now, let’s focus on the support at $85 and on the short-term resistance at $90. I’ll keep you posted on this. Remember to follow me to keep in touch with my daily analyses!
NASDAQ:AMZN
by Nathan_The_Finance_Hydra
2
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.
NASDAQ:NFLX
by Elpidaldo
SPX: Finally filled our GAP! What's next?• Since our last analysis, the SPX did a great reaction, just above the key support we mentioned yesterday at 3,937 – a Double Bottom chart pattern; • By the moment it broke our key resistance area made by the 21 ema (1h chart) + 3,980, it exploded – the link to my previous analysis is below this post, as always; • Now, the index filled its last gap at 4,083, which I was aiming at since the 3,900. We were already expecting this movement, since the mid-term trend in the daily chart was bullish since the beginning, and we had no clear bearish structure at any moment – just pullback signs; • Now that the index exploded, we could see some correction, and in this case, there are many support levels to work with: We have the retracements, the previous top at 4,028 and the 21 ema in the 1h chart; • Any bullish structure around any of these support levels might indicate that the bull trend will persist a little bit longer. I’ll keep you updated on this. Remember to follow me to keep in touch with my daily analyses!
SP:SPX
by Nathan_The_Finance_Hydra
4
AMZN: CONGESTION! How to proceed?• AMZN is in a congestion, as seen in the 1h chart, trading between the black lines as shown above, while the 21 ema is completely flat; • As long as AMZN remains inside this congestion, hardly we would see something new, however, any breakout could be interesting; • By losing the support around $90s, AMZN has a target at the gap (red line at $86.82); • On the other hand, by breaking the resistance around $96s, the next resistance is at $103.78 (previous top); • Although AMZN seems erratic, these key points might offer us some clues on how to proceed. I’ll keep you updated on this. Remember to follow me to keep in touch with my analyses!
NASDAQ:AMZN
by Nathan_The_Finance_Hydra
3
QQQ: Could Tech stocks REVERSE? These KEY POINTS will guide you!• QQQ is trading around a key support level, made by the 38.2% Fibonacci’s Retracement + 21 ema; • If QQQ loses this dual-support level, the momentum might be strong enough to make it retest the 61.8% around $272; • In addition, if this scenario materializes, QQQ would do a bearish structure (lower high/low), indicating that the bear trend will persist a little bit longer; • However, QQQ has been correcting while the volume decreases, indicating weakness rather than a sell-off; • Either way, a bullish thesis would gain strength only if it breaks the $293 area, triggering a bullish pivot point; • A bullish scenario would have the gap at $307 as our first target; • Either way, QQQ looks interesting, and regardless of what happens, we must pay attention to these key points for now. Remember to follow me to keep in touch with my analyses!
NASDAQ:QQQ
by Nathan_The_Finance_Hydra
1
GOOG: Trading around a KEY SUPPORT level!• GOOG is trading around its support level at $94.41 (yellow line); • By losing this support level, GOOG would seek the gap around $89; • In addition, we see a lower high, followed by decreasing volume, indicating weakness; • GOOG would need to do a very good reaction above its support level in order to avoid a further drop – so far, there’s no bullish evidence; • Only if GOOG does a new high and breaks the red line, it might resume the bullish movement up to the $105; • For now, we must pay attention on how it’ll react around the yellow line, as this might dictate the next movements on GOOG. I’ll keep you posted on this. Remember to follow me to keep in touch with my analyses!
NASDAQ:GOOG
by Nathan_The_Finance_Hydra
SQ: Watch out for these KEY POINTS!• SQ is doing an important reaction that could sustain a bullish thesis, however, there are some key points we must pay attention; • First, it must break the red line at $64.26, as this would trigger a bullish pivot point in the daily chart and frustrate the Double Top chart pattern in the 1h chart; • In this scenario, SQ could seek the $69 again; • However, if it triggers this Double Top, the next support is at $60.48 again. This is a support from a previous gap, as seen in the daily chart (Nov 10); • Only if SQ loses the $60.48 it would trigger a mid-term bear trend, and the next supports are $57.09 and $55.10 (another gap); • Either way, SQ is looking good. Remember to follow me to keep in touch with my analyses!
NYSE:SQ
by Nathan_The_Finance_Hydra
1
AMZN: We nailed the TOP! What to expect next?• Since our last analysis on AMZN, we nailed the top on it, thanks to our Multi Time Frame Analysis (MTFA) in the 1h and D charts (link to our previous analysis below this post, as usual); • Now, AMZN is in a bear trend in both, 1h and D charts. In theory, it is supposed to fill gap at $86.82; • Only if AMZN does a strong bullish reaction, and breaks the 21 ema (1h) we would see this bearish scenario frustrated; • If AMZN reacts, and breaks the $101 area seen in the daily chart, it would trigger a mid-term reversal structure, a bullish pivot point; • Therefore, this trend will be dictated on how it’ll react in the 1h chart, and if it breaks the $101 in the daily chart. I’ll keep you guys updated on this, but for now, let's kee these key point in mind. Remember to follow me to keep in touch with my analyses!
NASDAQ:AMZN
by Nathan_The_Finance_Hydra
1
Bitcoin - All gaps that need to be filled (must see) I always provide you with very interesting ideas on Bitcoin and other altcoins. This time, we will take a look at all visible and invisible gaps. The first chart is from Binance SPOT and the second chart is from CME Futures. You know that phrase: "All gaps need to be filled." Is it true or not? Let me know in the comment section right now! As you can see, there are two gaps on the CME futures chart, and there is a good chance that these gaps will be filled soon. Better now than in the next two years. I am not going to lie, but we can start a new bull market after that. This bear market is the steepest and strongest in the history of Bitcoin. There are no pullbacks and the price is basically free falling. I love gaps, because from my experience, there is always a strong reaction exactly at the end or at the start of the gap. What is a visible gap? The visible gap is clearly a standard gap because the open price of the candle is much higher than the close of the previous candle. There is no price action, and there is a space between these candles. It's very visible to everyone. What is an invisible gap? Usually, when the price drops significantly, a gap between the candles is created. And if there is no retest of the previous drop, the gap remains unfilled. These gaps tend to be filled as well. BTCUSDT is traded 24/7, so standard gaps are not possible. Happy trading! Let's take a closer look at the few CME futures gaps: 1) Bullish gap - 9665 2) Bullish gap - 11205 3) Bearish gap - 28740
Short
by UnknownUnicorn2537518
90
AMZN: Trading in a VERY IMPORTANT price area!• AMZN is in a very curious price area; • In the 1h chart, the trend is bullish, as AMZN is doing higher highs/lows, trading above its 21 ema, and it recently broke another resistance at $97; • Now, AMZN is doing a pullback to this dual-support level (21 ema+$97); • However, in the daily chart, AMZN is still in a bear trend, as it is doing lower highs/lows, and it just hit its dual-resistance area made by the 21 ema + $101; • If the bear trend wins, AMZN would lose the dual-support in the 1h chart, and AMZN would just resume the bear trend from here; • However, if the bull trend in the 1h chart wins, AMZN must break the $101 + 21 ema area in the daily chart; • What would be the technical targets for these scenarios? The gaps (red lines), as they work as magnets when the trend reverses. Remember to follow me to keep in touch with my analyses!
NASDAQ:AMZN
by Nathan_The_Finance_Hydra
4
RETA - breaking upAfter a huge plunge in Dec 2021, RETA had been consolidating in a wide range for the past 11 months. It's 200 day moving average has begun to flatten out since 27 September and the stock has also started to trade above this moving average since 14 Oct. The 200 day moving average have been tested a couple of times since and has proven to be the support so far (@ 29). Last Friday RETA finally had a close above the long term consolidation neckline @40.65, on good volume, with Golden Cross about to materialise soon. The stock is a long with initial stop loss just under it's 200 day Moving Average and recent pivot low (currently @ 29). 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!
RLong
by Juliac
Explosion Gap Pivot, $TMDX $PI & $WINGThese 3 stocks look like leaders, and all are making the same patter. The play is simple, wait for a throwback from the gap and then buy the close above the high. The thing is that as they are all real moovers, I'd try staggering stops. Is the best way I know to manage risk in stocks with hihg volatility. NASDAQ:WING is the first to breakout but with a doji candle. That is not very convincing. I'll wait until near the close to see if I start with a small position.
NASDAQ:WINGLong
by dpuleo19