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Gapfill

NOW - Can we get some service now please?Let's see, earnings after market close, recent analyst downgrades over last week or so, & CEO just left to take over at NKE . What does the chart say? You may have a head & shoulders pattern but that right shoulder is a bit ugly. If you do believe it is an H&S pattern, then the price target is $198.30 which would take the price back to fill the gap from January 30th. From a Fibonacci extension perspective, the price is currently around the 100% level while hitting support from the gap up back in January. This could be an ideal area to see a bounce before any continued declines. New CEO claiming they want to be heavy on acquisitions so take what you will from that.
NYSE:NOWShort
by Chartimistic
Beyond Meat - BEAR trend into massive gapTechnical analysis First earnings report (June 7th, 2019), which made BYND go up around 35%+ and create a big gap. This gap is starting to get filled on a downtrend. RSI(10) @27 - Remember oversold can continue to be oversold for a long time. ------- Fundamental Impossible Foods, a direct competitor of Beyond Meat. Is selling burger to Burger King. Impossible Foods really resembles meat. Beyond meat is just a semi-decent veggie burger (in my opinion).
NASDAQ:BYNDShort
by dorfmanmaster
spx 500/ BTC . Monday potential . Hi Traders, Look at this today's pump. Sucker rally its on IMO we are in distribution and this is how retail gets sucked in to believing that market its fine . FED printing its on and its hard its injecting billions of dollars daily to the markets trying to save the moment. I will be looking on opening short potentially on Monday. This gap its even bigger then before and it will have to be filled as always . I'm not expecting pull back today to fill all this nonsense but small pull back could happen. Will see how we will close today . Keep your eye on Spx it could be nice short play.
TVC:SPX
by PTO
DJI Dow Jones Looking Very Bearish (Chart Patterns Confluence)DJI Dow Jones is looking very bearish now in right shoulder in head and shoulder chart pattern, gap fill and strong Fibonacci 50% and 38.2% retracement level. Drop a like and comment for more free analysis, signals and education. The Head and Shoulder Pattern This head and shoulder pattern is in confluence with the two recent tops in 2018 around the 26800 zone which gives it more bearish power: The Gap Fill What creates gaps? Often negative news if the gap is down and positive news is the gap is up. These gaps will act as support and resistance into the future and right now DJI has tested and shown bearish action at the resistance. The Strong Fibonacci Retracement Resistance Levels 50% and 38.2% I like to use Fibonacci because it's a simple way to find good entry levels in pullbacks. Since price action moves in waves you want to get in at the pullbacks to get a lower risk and higher reward for every swing/wave you trade. The Trade Idea Entry: 26421 Stop Loss: 26740 Take Profit: 25326 (Risk/Reward Ratio: 3.43) You will most likely see a bounce on the undercut of the previous low 25340 level which also is in confluence with the Fibonacci extension level 127.2%. Close your trades here and then you could scalp the bounce (risky since you're in a bearish chart pattern) or what I recommend, wait for a new short opportunity drawing new Fibonacci retracement levels and wait for price to bounce to the 50% or 38.2 levels and look for bearish price action. Hope this help. Happy trading!
DJ:DJIShort
by tradingwalk
1
SPY primed for move up after throwing a fit! Going higher.FYI: I am working on an awesome options video for my YouTube channel (Dumb Money Trader). I should have it posted by Friday or Saturday... make sure you check it out if you are unsure right now about options. They are my personal favorite equity to trade. Also, I might be changing my blog (DumbMoneyTrader.com) to be more of a news letter type style. I want to do the following on a weekly basis: * Showcase what companies or ETFs I will be watching in the upcoming week * Highlight big news stories that might affect trading decisions * Highlight any big events for the upcoming week (like economic reports scheduled for release, etc..) I feel that would benefit my readers more so than what I am doing now. I would LOVE to hear your opinion on this, so please leave a comment below and let me know your thoughts about my changes. If my readers (or future readers) don't like it, I won't do it. Again, I appreciate ALL of my followers on Trading View, and I hope you check out my other stuff.
AMEX:SPYLong
by Bankuur
13
EROS a mid-to-long-term gap fill candidate with earnings Oct 8EROS is a Bollywood production company making big moves to try to dominate India's booming streaming market. Eros recently went on a 200% run after signing several major streaming contracts, including a deal with Microsoft to stream Eros content on the Azure platform. The stock price then cut in half as it first pulled back from overbought territory, then broke down even further on news that the company took on a $27.5 million debt due in 2020. (This is something that often happens after announcement of a new product offering: the stock price initially shoots up, then breaks down on news of a new shares or senior notes offering to raise capital for manufacturing or marketing the new product. Shorting cash-poor companies after a big product announcement runs up the stock price wouldn't be a bad strategy.) Anyway, for the moment Eros has found a floor around 1.80. It has support from there all the way down to about 1.14, with the strongest support nodes around 1.65 and 1.32. This is a decent time to take a small position for a mid-term swing. The stock is likely to get further news boosts as it implements its streaming deals and launches its content on the various platforms. One short-term risk is the earnings report on October 8. Eros is reporting earnings later than usual, which often bodes ill for earnings results. (Late earnings tend to be worse than expected, whereas early earnings tend to be better than expected.) If Eros's earnings miss, the stock is likely to break down to one of its lower support levels-- perhaps even the very bottom of the support range. I would look at that as an entry opportunity. So if you do take a small position now, save enough cash to at least triple the size of the position after earnings if the price breaks down. In the event that Eros beats earnings and/or begins to run up again on implementation news, it's got plenty of room to run. 3.00, 4.00, and 5.00 are all conceivable in the mid-term. In the longer term, this stock has the potential to break out above 5.49 and then very quickly fill the gap up to 7.23. (For weekly news and educational videos, check out my new YouTube show, Wall Street Petting Zoo!)
ELong
by ChristopherCarrollSmith
3
Dow in C leg of ABC Correction: Bounce After or Rejection at TL?Chart says all. Looks quite Bearish but no capitulation as of yet. C waves tend to be fierce and furious. See what it does when Gap fills from 9/04. Bulls will likely return for another crack at ATH if they can hold the line near 26200. SPX should find support near 2900, at least in this first downdraft. Second support at 2860; breakdown through these levels will likely lead to panic selling and capitulation down to August prices or lower. It is possible a Bear Market is beginning, but too soon to tell. Have to see if an ATH can be developed by EOY. Trade day-by-day now and hold ur hand close! Rejection from the wedge TL on a bounce could lead to a fully developed 5-wave Elliott impulse downtrend. Failure in China will certainly precipitate this kind of Bearishness. RUT is getting killed and shows greatest weakness. Expect Flight to Quality to boost US 30 more than NQ, RUT. SPY has been most Bullish of these and might suffer less. Just an idea, not advice; trade at your own risk!
DJ:DJIShort
by DaddySawbucks
3
GAP needs to be filled - 1.0780 - EUR BEARISH Long TermHello traders, There is currently a gap in the market which is yet to be filled at 1.0780. Any short term spike in the market is an opportunity to sell lower. Germany is in a recession and the EU as a group is not far behind. The ECB has also cut interest rates into the negative territory, therefore the EUR is bearish long term. The DXY is due a pull back lower, therefore we could see some upside on the EURUSD before it breaks lower. Major resistance at 1.1350 - Great entry for short position Long term we could see the EURUSD down at 1.0600 Please let us know your thoughts on the set up www.forexstoreau.com
by ForexStoreau
US 30 in ABC Correction? Road to ATH; in Handle of CupVolume lessens on rising prices, increases on downdrafts. RSI divergent. Small caps have reached .50 Fibo retrace off September's lower high. SP500 and Dow have a gap to fill down to the 0.50 Fibo. Three-day rally feels like a B wave, chaotic and widely fluctuant. If so, expect C wave down to the gapfill at the breakout point from Cup near 26300/SandP 2942. A hedged short here is probably a fair R/R as EOM 'window-dressing' is likely to finish what seems to be a modest correction. The ABC is consistent with Intermediate Wave 2 of a Primary wave 3; markets should enter third-in-third wave on completion of the modest correction. A severe tankoff would invalidate this hypothesis! IMO another major October downdraft is unlikely as these rarely happen two years in a row; but anything is possible in this mad market. Taking a small short position on indexes with the gap up in AM on 9/27; this gap will very likely fill in day; first week of October is likely to be choppy. Completing a corrective wave might coincide with positive trade news in Mid-October; if the outcome is disappointing expect a deeper selloff. Still very chancy. Indicators to watch: RUT strong support at 1500 (IWM 150, now trading near 153); small caps have been a leading signal canary. I'd close shorts with IWM at 150; DIA at 264; SPY at 294, if and when they get to these prices. An ABC complete wave could well provide launch point for next bullrun. Longer-term still Bullish going into New Year, I'm not convinced this appearance of H&S in the monthly chart is really going to rollover. We shall see! This isn't investment advice; just an idea, trade at your own risk; GLTA!
DJ:DJIShort
by DaddySawbucks
1