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Gapfill

SPX: Will it keep going up? Let's see.Hello traders and investors! Let’s see how the SPX is doing today! First, in the 1h chart, we see higher highs/low, so it is a short-term bull trend. Yesterday, the 21 ema and the 4,456 did a great job supporting the price, and today we are just trying to resume the trend. This movement is normal, and it was expected, so no surprises here. To me, the 4,456 is the most important support level, and only if we lose this point the index will frustrate the bullish bias. As long as we remain above this point, it is a safe bull trend, and pullbacks to the 21 ema are acceptable, or even opportunities to buy. Remember, avoid buying near resistances, and always aim for the support levels. The technical target is 4,521, and today we almost hit it. In the daily chart, we are finally breaking the 21 ema, and leaving the 38.2% retracement behind. This is a good sign, and considering the index is bouncing back up after a retest of the 50% retracement / 4,400 area, we can assume it is becoming bullish in the mid-term too. We had a correction yesterday, but as I said in our last analysis "it is normal to see corrections that could last for one day or two", so no surprises here. The link to my previous analysis is below this post. This indicates that it could break the 4,600. I’ll keep you guys updated every day on this, so, remember to follow me to not miss any of my future analyses!
SP:SPX
by Nathan_The_Finance_Hydra
3
Gap fill and falling wedge opportunity for NIOHello Friends! I like Nio long-term and I’m looking to add to my position if it retraces back to $15-$17 zone. Also $15 to $17 is the bottom support of the falling wedge. If support is found at $15 it should breakout of the falling wedge for more upside, Gap fill #2 and #3 might not fill IF breakout happens. As always thanks for your follows, likes, and comments. Let’s learn and grow together. Cheers! *This information and publication is not meant to be, and do not constitute, financial, investment, trading, or other types of advice. Do your own research.
NYSE:NIOLong
by MoneyFishing
5
Keep Shorting the EURGBP, A Gap That Must Be FilledEURGBP has reached a new 5-year low last month,dropping to the area of 0.8200. This gap hasn't filled yet, and now the price is on its way to test the 0.8200 level again after completing its retracement from the 0.8500 level. The price is currently moving within a bearish flag structure and has retested the previous support level but was rejected. From here, perhaps we can see the price creating a head and shoulder pattern and then breaking the neckline to continue its downtrend toward the 0.8200 area. Our task now is to wait and see a reversal pattern being formed and a breakout. After the breakout with candle closing below the neckline area of 0.8283 , we will place our sell limit order at the neckine of the pattern to capture the retest. SL is placed at about 5 pips above the third shoulder. A good aspect of EURGBP is that a gap tends to get filled more often than other volatile currency pairs and its trend is persistent. We will update this post after the price moves close to our entry criteria.
Short
by NicoBeau_Capital
AAPL: Will it finally FLY again? Let's see.Hello traders and investors! Let’s see how AAPL is doing today! In the 1h chart, the trend is clearly bearish and we don’t see any bullish reversal structure so far. However, if it breaks the 21 ema along with the resistance at $ 166, it might be the beginning of a reversal. If AAPL confirms a reversal sign, the next gap at $ 174 will be our next target. This reaction is important because AAPL just hit its 50% retracement, even losing this point for a brief moment, which might indicate a bear trap after a false breakout. The gap at $ 174 is seen in the daily chart too (yellow square), but we have a resistance area near the 38.2% retracement and the 21 ema (around $ 168 - $ 169). It is expected to see AAPL struggling at this area in the short-term. So far, we see these good signs, and no clear bearish structure indicating a continuation of the bear trend. Only if we lose the 50% retracement again I believe AAPL will seek lower levels. For now, everything is going according to the plan. I’ll keep you guys updated on this, so remember to follow me to keep in touch with my daily analyses!
NASDAQ:AAPL
by Nathan_The_Finance_Hydra
1
EURUSD longIn most large gaps such as this one at first of the weeks. Prices tends to fill the gap and go forward again. There are different explanations for this phenomenon. Some say institutions wants to fulfill their orders and some others say this is just normal fluctuations because of people assuming that price of an assess (or a pair) is so higher/lower than previous week. After all, we just want to make money and as long as our strategy works, we almost don't care about explanation a market move! The second touch accompanied by a great bullish move. According to my long-term surveys and by take the scientific method of probability calculations, there is a roughly chance of 40% to 50% that this trade be a wining one. Regarding it's R to R ration it does worse to try.
Long
by AliSignals
RIVN: The technical point that will trigger a reversal!Hello traders and investors! Let’s see how RIVN is doing today! For the first time since March 30, RIVN is trying to reverse the trend. This reaction is quite good, which is surprising, considering it is a Red Monday, and it is a sign of strength. Technically speaking, this movement is very interesting. As RIVN just retested the $ 37.61 area as a support again, making it a possible Double Bottom, and it is trying to break the resistance at $ 41. If RIVN closes above the $ 41 today, it might confirm this pattern. So far, all we see is lower highs/lows, indicating a strong bear trend. However, by defeating the $ 41, it’ll do something new, and this is a good sign of a reversal. We must not lose the $ 37.61, otherwise, RIVN will frustrate this delicate bullish structure. In the daily chart, it seems RIVN just dropped to fill the gap at $ 37.32, and now it is reacting nicely. If it confirms the bullish structure in the 1h chart, the next resistance to work with is the $ 56.76. Above that point, we have an open gap at $ 60.80 that might help to attract the price to higher levels. Let’s see how RIVN will close today, and if it’ll keep above the $ 41 area. To me, RIVN looks interesting, so I’ll keep you guys updated on this. Therefore, remember to follow me to not miss any of my future analyses!
NASDAQ:RIVN
by Nathan_The_Finance_Hydra
4
Expecting PINS to Break Out and Hit ~$35PINS has been trading around this volume area/Monthly/Weekly SR level for a while now, and looks like it is getting ready to break out. The Weekly MACD has shown the 'buy signal' and shorter term indicators (EMAs, MACD) are fairly bullish as well. I am targeting $35 since that is the next volume area, and also a Monthly SR level. There is a gap below that needs to be filled, so planning an entry around that would be ideal, and gives very good RR as well. If it doesn't retrace, then playing the breakout over the Weekly SR is fine too. Also worth noting is that past $35, there is a lot of room for it to run as there are no major (Monthly/Weekly) SR levels until ~$60. But I wouldn't get greedy and look for that.
NYSE:PINSLong
by DefiJoth
short BTC 47570 Target 46500 ,44500 and 41000 stoploss 48300My idea is to play short in order to fill the gap that was created early this week, if you're interested into getting a60% guaranteed 3K provided you trade 1 btc then it's today and tomorrow your window of opportunity. that said there are many bullish signals that say we could go to 52 k before filling the gap so be very cautious and respect the stoploss. the moment you see the price going above stoploss 48300 and closing at 30 min without much reaction from bears then close the position and the follow the bull crowd. To sum it up you're risking 800 usd to make 3k sunds like a good deal to me. How about you? here we go
FTX:BTCPERPShort
by Rey2010
Outlook on SPY leading into the weekendI know this is a little bit of a messy chart. Alot of trend lines and yellow rectangles- Here is the breakdown and outlook for SPY leading into the weekend and next week- I am anticipating a small correction this morning that will lead us to Pre market gap fill with a target of 426.44. This will achieve gap fill and trendline support (Green box for reference) From there, i will be looking for confirmation of strength and bounce and will enter a long position (Put Credit Spreads likely) where my next bullish target will be 437.10. This is my breakout target for the massive triangle we have seen (we can see part of it in the chart) AND it is a gap level that will be filled once hit. (Purple box for reference) There is a much larger gap towards the bottom of the chart. I do anticipate us to fill this gap at some point in time. However, generally when there is a large trend reversal, we almost always leave a gap for us to come back and respect.
AMEX:SPYLong
by Pavley
CCJ: Potential Gap Fill to UpsideCCJ's price action seeing responsive participants with alternative energy leading the market amidst heightened oil prices. While key levels on acute time frames are being tested by both buyers and sellers, CCJ's weekly optics present continuous range extension. While price action has begun to pierce a gap previously seen from April 2011, KL of 28.45 would be more indicative of reclaim in higher value areas (30.71) ; Continuation into mid 30's would materialize a cup and handle pattern on the Weekly// Technical analysis reflects MACD cross, price action over key moving averages, and a high correlation regression channel on the daily time frame. Bias is long on premise of global events related to commodity and tensions in Europe// ATR: 1.49,Beta: 1.01
NYSE:CCJLong
by GroundNinja