AMZN to $49 Gap Fill?AMZN is looking pretty nasty as of late. Official recession is on the horizon, could we finally see that gap fill at $49. Will also be watching the MACD for some divergence to signal the bottom.
Gapfill
That 50 & 200 are getting close!And all those gaps still to fill...c'mon Golden Cross, it's been a long time!!
Bajaj finance bajaj finance is in good level some agp is pending in the bajaj finance
hope that gap will fill on the monday session of market
in weekly also crucial support level breaked so that ,bearish momentum pending
NFLX long if above 322As you can see by the chart trendline of wedge was broken. Long wicks circled by ellipses indicated bullish at resistance but it broke back down to take out the stop losses set by many who were anticipating a breakout. Re confirmed back above trend line with new wicks ellipses and retest for breakout to fill gap around 330. I will enter longs if above 322. Otherwise I will expect a breakdown to fill out rest of wedge from previous idea post.
Cheers!!
Trade safe have fun!
FOLLOW ME ON MY JOURNEY FROM 1K TO 10MIL!!
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.
SHOP - formed a baseAfter falling more than 80% from it's peak of 176.29 on 19 Nov 2021, SHOP began to range sideways since May 2022, forming a rounded base. There was an attempt break up the neckline @ 45.43 on 11 Aug 2022 but it failed after filling a prior gap that happened on 4th May.
It is now close to making another attempt at breaking up and there is a chance it could stall at the neckline (again). However, now that it is crossing above its 200 day moving average, its odds of breaking up successfully in the near future has increased.
Long the breakup with an initial stop just slightly below it's 20 or 50 day moving average.
Its momentum is strong as long as it continues to trend up along or above it's 20 day moving average.
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!
META - my oculus sees a gap fill Gaps get filled. Green arrows show latest dip buys filled the gap from the mass sell off. My red arrows show potential gap fills to equalize this out.
Entered PUTS late in the afternoon in anticipation of a gap fill to the downside and seeing the post market dip as well as nice candle Pin off of the 20ma (red line) on the daily gives me a solid indication of where the METAverse is headed in the next few days. The is not investment advice just another one of my crazy ideas…. trade at your own risk.
Will I put dinner on the table with this trade? Like and follow to find out!! Yehawwwwww traders!
SPX 15 min Cup and handle Tracking a possible Cup and Handle on SPX 15 min, Using a fib retracement and an extension we can see a crabwalk for most of today with a breakout up into the 4030 ish range within the next 24to 48 hours. Also a pretty big AM gap t fill between 4010-4020
AUDUSD Projection for Week of 28 Nov - 2 Dec 2022Anticipating AUDUSD to climb up all the way to the market gap created early Monday and head up to grab the liquidity lying further above to form the high of the week either on Tuesday or Wednesday for a SELL at a premium zone.
A major pattern failure in this one indicates a very good upsideAs the charts show,
- Weekly head and shoulder pattern failure.
- A major downtrend got reversed from a gap which happened on Monday(a very important thing to look out).
- 45% up after taking the support of the gap.
- Very strong daily close today.
- Start the accumulation now for great upside from 65 and up levels.
Costco looks great for a BUY - NOT Cup and Handle has formed on Costco and the system has lined up beautifully for a long with a target of $587.65.
However, no trade will be taken according to the system as there is a GAP in the pattern.
Gaps close 70% of the time... It might work out but through my experience, gaps close shortly after (which is where the stop loss would more or less be).
WARNING: Gap - No trade
15 min Double top!!!We can see the Confirmation of a 15 min Double top this morning when looking at Gamestop. Also the Relative Strength Index is weighing heavily on the overbought side With the moving average convergence divergence also looking to cross downward. Possible small 2 to 3 dollar dip in the next coming day or days before it starts to make another run back up leading into the last Quadruple witching for the year which will take place on Dec 17, I think we should see GME at new quarterly high about 2 weeks prior to witching and then will fade back off until next quarter in 2023.
SPY IS BREAKING OUT...Again as this is a 4th-wave we will see plenty of swings.. that is why I did not trade until I saw a "bottom was in" for this wave. Looking at the pre-market we are sitting above $397 and showing strength towards our first level of $411. Some may be wandering what those red lines are for... those are my support lines I draw on a bigger time frame along with fib levels to help with confirmation. I don't just rely on Elliott Waves and Fibs... I feel support and resistance are key to know also.
TSLA EXPECTATION FOR 9-11-2022 WHEN MARKET OPEN on 1h dear traders today our expectation on TSLA depend on last news yesterday and depend on our technical analysis on daily and 1h , 15m time frame we found the price has fallen down and make a gap on daily chart so we expect the shoud make a correction and moving up to close the gap then after that will falling down again to test the same support , also as you see in the chart the rsi indecator give us signa for correction beacuse it test 20 line on rsi ,, and the adx indecator give us the same signal ,, so depend on this analysis we advice you to be ready for correction until close the gap or touch the 50 line ema then the price will falling down again ,,
thank you
AUDUSDThe imbalance which was caused in the new week's opening, has a gap result.
Gaps are imbalances which have to be mitigated.
Long trader with entry at the current price without waiting for retracement.
Bounce PlayInitial target low 220s in the next week or 2, then pullback before 0.618 retracement to 255
Green trajectory is expected path, dashed is alt path
GBPUSD dip to gap fill then bounceOANDA:GBPUSD will dip back down to fill in some PA and Volume gaps.
With an anchored VWAP from September 13 NY session open with a big dump starting a long downtrend, PA is ranging between the standard deviations of the long term VWAP.
Above the current VWAP, it opened the week with a large gap up from last week's close, which it will go fill on its way back to the VWAP and on down to fill a volume gap seen in a (up/down) volume profile over the same period.
After running through the volume gap in a downtrend continuation, shorts reacted sharply twice with price returned to that zone.
After it broke up through the gap zone quickly, it returned once and longs sharply pulled it up.
I speculate a move back down to the VWAP-1stddev support and the volume gap before Sterling finally begins recovering from his bender before the morning after.
(Note: I do smell a little hopium odor from the shorters next door.)
SE ~ Lower Lows incoming? Buying Opp incoming?SE, Sea Limited has been suffering massive losses ever since its peak in the fall of 2021. This massive bull run was led with the Tech & Growth Stock boom that's bubble has recently bursted through out the current Bear Market of 2022!
Sea Limited owns multiple varieties of Business in the South-Eastern Asia Region. Businesses Like :
Shopee - Ecommerce Giant
Garena - Gaming + Esports
& Much more smaller companies
Sea Limited has grown a massive amount of revenue, but has most definitely struggled with its debt and spending to make a profit.
Nonetheless, let's get to Technicals!
SE has suffered such huge losses, many wonder where is the bottom!?
My thesis for this Stock is a short / mid term short position, followed by long term accumilation.
Short : SE has 2 major gaps to still be filled from back before COVID, and the gigantic Rally that took place on SE. I see huge potential for this company's future growth, but I think more downside is to come to give SE fair value.
Along with fair value, and these gaps SE has been unable to reclaim any weekly moving averages, and the TTM_SQUEEZE Momentum Indicator shows more bearish momentum coming.
The monthly chart will get to the point of being oversold, probably near these gap fills. At these gap fill areas, and the way down would be a proper time imo to be covering short positions.
The market also seems to have some more pain ahead, and interest rates will only hurt this company and the markets more, driving the stock down fundamentally.
Long : I do believe in this company's long term outlook and performance. I do think that this will take a while to turn around... But if these gaps get filled, the Risk/Reward on SE will be favorable if the company has only grown. I am going to be extremely patient on SE but will be ready to hunt the discount if these gaps do become filled. I Will also keep my eye on the TTM_Squeeze on the MONTHLY chart, as the Monthly chart has been getting extreme momentum to the bearish side, and will look extremely oversold in the coming months with more downside.
Thesis : Short to Gaps ; Long @ Gap Fills
Prosus gap filledJSE:PRX has closed its June gap, JSE:NPN is yet to fill its gap. PRX is trading below key MAs, if there's no bounce here, it might go test the recent low at R710.
SPY to the DOWNSIDE with momentumNo floors are present in this gap. Could be a bull-up to a super dump, dump needs momentum to dump so that a reversal is impossible, a good idea to raise the market about water and then take it's life jacket away.
