Ethereum ETH - CME gap close not unlikelyEthereum ETH - CME gap close not unlikely (see green boxes)
The bottom of this gap correlates with the highest volume on the day before the gap
Specifically $1.757 would be the target for this gap close
What do you think dear Crypto Nation? 😎
Drop me a nice comment
*not financial advice
do your own research before investing
Gapfill
BTC Weekend CME Gap - Past 2 Filled on MondayCME Gaps occur when the Chicago Merchantile Exchange closes but the BTC price continues to move (Crypto Never Sleeps).
These gaps which you can see on the ticker BTC1! have a well over 90% Fill rate.
The past 2 Weekend gaps were filled on that Monday after each weekend.
It also coincides with the bottom of the current range...
Invalidation of this would be above 30.6k while BTC still needs to
regain the 31.7k level
$UPST Gap fill or sub 20Upstart - not really sure what they do ;0 - but the stock is up 15% today so someone is buying here
Bull case - Nice close above 10day MA , is a start to possible upleg for the 76.23 gap fill , currently trading around $50 implying a $26 dollar move.
Bear case - a new high is not made and upon rejection lower lows targeting $20 zone or less, implying around a -30$ move
With the giant gap above I think it's important to remember supply and demand here - most holders who didn't sell are sitting higher above (supply), seeing their ticker have +15% days is very promising! As such they are holding (bag holders), until break even at least or more, hence there will be heavy supply once ticker gets to this zone but not much until then, for those people already sold. And now we have demand/ buyers with bottom fishing who are currently up depending on entry. They will sell along the way causing dips, however many who bought in 30's and even 40's are green and holding for more.
Hence under the above, Demand should outweigh supply until gap fill zone...
Trade idea for bull case - Calls are expensive and I want time here, so JUL 60/80 debit spread, as given the supply area will most likely IMO overwhelm demand after gap fill .
Trade idea for bear case - bear call spreads for less risk or naked puts a few months out with $37 being first target.
My bias is to the upside
Cheers
$DRI Chart Breaking DownWhale opened 500 JAN 100 puts and upon checking, noticed this chart looks pretty bearish IMO.
I'm swinging JUN 100 puts tight stop as I'm looking for a quick flush now that support has been breached. Any squeeze up is a better entry to short IMO, this chart is pretty ugly.
Gap Fill below is target in the short term at 103.16
Hidden Bearish Divergence on TwitterThe setup for Facebook is still looking quite Bullish as it's double bottomed and Reacted at the PCZ of the Bullish Cypher that can be seen in the related tab it's currently targeting a Gapfill to the upside; However Twitter is starting to look quite Bearish on the 4 hour and if it starts going down from here it will have confirmed Hidden Bearish Divergence on the Weekly which could very well send Twitter down to Fill the downside Gap at the very least but at the most it could go down all the way to the 88.6% Retracement.
Does TWLO have more ALOT more room to fall? TWLO has seen a dramatic drop off of highs. It is currently downtrending with strong moves under the 10ema on the weekly time frame. I am looking to short the retest of the 10 ema on the weekly chart and short it to the ultimate target of 110. This is the low of the breakout candle made during the week of May 4, 2020. There is support at 150 and 130 between here and then. I plan to take profit at these areas and reenter on bounces unless I start to see signs of a reversal.
Activision Blizzard (ATVI) Due For Snowslide?Activision Blizzard ( ATVI ) Due For Snowslide?
I personally enjoy snow related activities to include snowboarding. But I can assure you a snowslide event is furthest from my mind when I go. If I had a heads up for the probability of one occurring in an area, I'd take adhere to safety precautions or be far removed from the event.
I believe that Activision Blizzard is due for a “snowslide” after it gapped up January 18, 2022.
Rationale-ATVI gapped up approximately 15.90 on January 14, 2022. 6.90 of the total gap was filled. The gap amount that remains is approximately 9.81. Please make a note of the fact that, ATVI closed below the 9, 21, 50 and 200 moving averages (please review the chart below).
ATVI bounced off the 200 MA twice prior to finally going just below it on April 29, 2022. Though it closed under the 200 MA, the candle is closed as a spinning top. It is for that reason that I will more than likely wait for a safe entry just below 75.28.
Overall sentiment- Bearish
Peace and Prosperity,
Al
Netflix Gap Down X 2!Netflix Gap Down X 2!
2 gap downs were identified with the most recent gap down (81.69) on April 20, 2022. The other gap down (95.78) occurred on January 20, 2022. Both gap downs occurred AFTER earnings.
Position-Neutral. On one hand I am bullish on NFLX because it is oversold and volume is relatively low on the daily chart. As aforementioned, NFLX has two gaps to fill. I wonder how long will it take for the gaps to fill. I also wonder about the changes Netflix is making to earn back the business of the subscribers it loss. The latter part of my reasoning is what makes me neutral on the overall sentiment of this particular stock.
Netflix is currently trading well below its 200 day moving average (514.22). NFLX end of day stock price was 199.52 (28 April 2022).
What are your thoughts on NFLX?
Peace & Prosperity,
Al
www.tradingview.com
Wait for itHello Friends!
Dow Jones has been on a nice trend since 2009 and then covid hit and the FEDs pushed it back up. But it overshot (blue channel) and now they’re trying to get back into the 2009 channel. There’s a lot of external factors that show signs of weakness. It seems like it has its eye on the Nov 2020 gapfill. If it fills, it might be the correction that will create a solid support and push it firmly into the 2009 channel.
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.
Facebook $150 SupportFacebook has gap fill at $150 per share.
Disclaimer: Stratford Research newsletters reflect the research and opinions of only the authors who are associated persons of Stratford Consulting Ltd. The newsletters are for informational purposes only and are not a recommendation of an investment strategy or recommendation to buy or sell any security or digital asset (cryptocurrency, etc.) in any account. The information provided within the newsletters is not intended to serve as the basis for any investment decision. Any third-party information provided therein does not reflect the views of Stratford Consulting Ltd. or any of its subsidiaries or affiliates. All investments involve risk including the loss of principal and past performance does not guarantee future results.
AAPL: Triggered our REVERSAL sign!Hello traders and investors! Let’s see how AAPL is doing today!
First, AAPL confirmed a bullish structure, and it has been doing higher highs/lows in the 1h chart. However, it just hit a possible resistance point at the $ 171 (blue line).
This resistance might be enough to make AAPL correct, but as long as it doesn’t trigger any bearish structure, the short-term bullish bias will persist. I think the 21 ema is a good support level for AAPL right now.
It is good to see AAPL breaking its previous resistance in the daily chart. First, we broke the 38.2% retracement, and then, the 21 ema. This reinforces our bullish thesis.
As I mentioned in our last analysis, the next technical target is the next gap at $ 174 (yellow square). As long as it keeps doing higher highs/lows in the 1h chart, and stays above its 21 ema in the 1h chart, the bullish bias will persist. I also mentioned that the false breakout of the 50% retracement was just a bear trap. The link to my last public analysis on AAPL is below this post.
Let’s keep our eyes open at this resistance at $ 171 for now. I’ll keep you guys updated, so remember to follow me to keep in touch with my daily analyses.
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!
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.
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.