ARPO COVID19 News"Aerpio Pharmaceuticals, Quantum to Evaluate Razuprotafib in New Study Under COVID-19 Program"
ARPO getting a lot of PM attention. This has the potential to have a large run. Looks like a gap from 1.50s to the 3.50-4 area. This will be my top watch today.
Gapfill
USD/CAD READY TO FILL THE GAP4H chart, price stuck on a descending triangle, waiting for a potential downside break and reetest to confirm a move down to 1.344 to fill the gap too.
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Dax fills the gap!The German Dax has continued to rise this morning, with the market up another 1.4% and hitting it's highest level in almost 12 weeks.
Price has now filled the gap lower from 6th March and is probing the 61.8% fib retracement.
The market still remains shy of the 200 SMA (≈12000) so long-term trend could be still seen as not positive.
BTC1! - Weekly CME Gap update (05/25)BTC1! futures opens with a small gap (~1.5%) down.
Will we close it or not?
I think we will and it get closed within a week. The previous one was closed one day later.
So, if to trade the gap here, it could be something like long $8800, stop below $8600, target $9-9.1k. Maybe we'll get a big candle in that area and fast rejection off $9100.
Hit the "LIKE" button and follow to support, thank you.
Information is just for educational purposes, never financial advice. Always do your own research.
NASDAQ 5% from record high... potential SELL (GAP FILLED)Hi Traders,
The NASDAQ was 5% from its record highs pre COVID - 19
If you take a look to the left hand side there was a gap in the market which has now been filled.
Yes the FED is printing trillions of USD, however I feel we could be due a sizable pull back across the board.
Bearish divergence on the RSI whilst the market prints new highs.
It has now reached the cap on the channel formation.
My SL is above the channel formation, I have left my take profit open to see how the market reacts tonight.
Any thoughts and comments please let me know below.
XLE: Will Energy ETF Fill the Gap?What a difference a month makes! At this time in April, crude oil was in negative territory as the market literally paid you to take barrels away. Now it's rebounded sharply as the economy reopens. On top of that, Memorial Day weekend is coming. Even if coronavirus hurts some travel demand, summer driving season is still around the corner.
That brings us back to the energy sector, which is has spent the last three weeks consolidating. The SPDR Energy ETF held roughly $36 last week. That area marked the highs on March 10 and April 9. In other words, old resistance has become new support.
The next chart feature to watch is XLE’s bearish gap from March 9. If it starts to fill that space, buyers may look for a continued push toward at least $42. That price zone also marks the 50 percent retracement of its decline in 2020.
Overall the move in energy is based on seasonality and a lot of economic drivers. Charts alone may not capture its potential to rebound because the market could also face a macro sentiment shift toward beaten-down cyclicals and away from growth stocks – at least for a few weeks.
If that’s the case, energy could be the top beneficiary – along with small caps, financials and industrials. Within energy, traders with the time may want to take a wider view toward refineries and oil-field service providers.
BTC1! - Weekly CME Gap update (05/18)CME:BTC1! was opened to a +2.76% gap which was already filled.
For example, if you decided to trade this weekly gap with avg stop size about ~3%, it would be a low R:R trade at the moment; but with a tighter stop loss you most likely was stopped out.
You can try to vary parameters in my "Gap Strategy " and find the best strategy for gaps.
Hit the "LIKE" button and follow to support, thank you.
Information is just for educational purposes, never financial advice. Always do your own research.
HOME - could be a good money makerTake a look at the chart, We got to gaps to fill and HOME is opening there store next week.
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AKA - Market Madness
GBPJPY Buys Targeting the Fill of the GapThis is a strong buy zone which I will be monitoring. Entries will be taken on LTFs and profit will be set above the EQH’s.
Bulltrap Nearing Completion - 4 Ideas on the BreakdownWe're finally nearing the completion of my bulltrap forecasts, and unsurprisingly, the market has chosen to draw it out as long as possible to the intersection of the previous lower trendline (dashed line) and the upper bearish trendline. The market laid out a nice bear trap by breaking below the previous lower trend line early, before opting to grind and re-test it multiple times once it turned into overhead resistance. I believe we're finally seeing the reversal downwards, though the bulls have some important support levels at 280 and 278 which could result in a bounce or sideways grind before finally breaking down. Bulls will look to defend this new lower trendline, while bears will look to break it down as soon as possible to open the door to much more downside movement.
BTC - Largest CME Gap everCME:BTC1! opens to a ~12.3% gap, the largest gap to the moment on CME bitcoin futures. Last gap, second in size, caused by dump in March was filled only after a month. But this time until halving only a day, not even a month.
Will Bitcoin go up to fill in the CME gap this week? Historically, CME gaps for bitcoin price fill over 95% of the time: sooner or later.
Hit the "LIKE" button and follow to support, thank you.
Information is just for educational purposes, never financial advice. Always do your own research.
SPY Short, Starting May 11 2020With the SPY losing traction im thinking we do one jump up back to $296 and then a straight shot back down towards $255
we have yet to fill the gap and as we always know, gaps are always going to get filled
i think that once we reach that $255 gap its back to ATHs until Q2 where earnings might be a lot worse than people are anticipating
especially with Disney suffering this much of a loss with their arks being closed like a month before Q1 ended
I think disney as well as every other company will rebound off these lows and well see a bullish market until Q3 where earnings might not be as great as people think
ultimately back to SPY, i think we do one more shoot upwards towards the $296 mark, then start seliing off Monday back down towards the $255 range to fill that gap
that will be the new low and we wont go any lower
MLND Gap FillWatch the day flippers move this one up...should make a run.
I'm going to being to accumulate today with a stop around the 1.70's..
Simple Gap Fill Idea On BLACK GOLD, WTI Market CrashWell, we have a pretty clear gap on oil. And there is a gamblers chance that this will fill sooner than later. I like the $5-7 range for a bounce but you MIGHT need to reduce leverage and hold these plays for months in this environment. However, after yesterdays moves, we might be setting up for some serious volatility in the near term. This is not trading advice.
USDCAD GAP FILLUSDCAD is approaching a short term trendline. A breakout and confirmation above the trendline will open the roof for this pair to retest the previously made high before dropping massively to fill the gap.
The Pair has a possibility too, of bouncing from the trendline, breaking below the lower trendline, and finally filling the gap.
My bias for this pair is Short if the upper trendline holds else a short term Long and then Short the pair, taking profit near the gap.
Fundamentals on USD may affect the pair
Gap Fill Psychology of Market ParticipantsI know of a lot of traders who only trade gaps due to their high predictability. Whether the move is up or down, the emotions of trapped traders are the same.
If you are part of the range that is trapped, you are only thinking about one thing, how do I exit this trade with as little loss as possible?
The graph above shows that there are too many people trapped above to fit into one small candle. As soon as the price approaches the range, those willing to take a bigger loss get on the life boat first. Those who are holding out to break even continue to hope that the price will go back into the range. When they realize that the price is not coming back into the range, that's when their emotions kick into to hyper drive and they realize the price may never come back into the range.
The thoughts are: This is a scam! Why does this always happen to me! Of course the price would reverse here, I have the worst luck! OMG what if this is the start of a crash!
I usually don't post ideas on gaps, but below you can see the gap idea that I posted for Danaher, a company that made a COVID test that produces results in under 4 hours. The price came right back down to the gap and reversed. Sometimes gaps fill, and sometimes price only reaches the tip of the gap. Two very distinct areas to set stop losses for your trades.
Walmart Day Chart, Gap Fill 5/1/2020Looking at Walmarts chart it seems like it is infamous for filling gaps made pretty quickly
last gap made was around the 127.33 price which i think will get filled tomorrow on 5/1/2020 to start the month our in green
but it seems like whenever gaps are filled they are taken right back so maybe set a TP for the 127 price range
also MACD on average makes around 3-4 bearish candles on the day chart before it makes a lighter red and smaller bearish candle
it seems like we are headed in that route especially after Walmart's huge sell off recently
i think walmart is one of the stronger retail business' (if not the strongest) during a recession or during hard times
there is no reason for the huge sell off, it will be back at ATHs in the next two weeks and hitting 127 either tomorrow or Monday
