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Gaps

Bitcoin: Absolutely CRITICAL CME Gap Analysis 1D (Jul. 27)X Force Global Analysis: If you find our analyses to be helpful, make sure to support us by dropping a like In this analysis, we refer to the CME Bitcoin Futures chart to assess the possible bullish and bearish probabilities, as well as significant support and resistance zones. Analysis - To begin with, we can first notice that Bitcoin has broken out of the descending trend line resistance - This adds weight to a significantly bullish case, as it provides confirmation for the consolidation being over - We can also notice two major gaps on the chart, that haven't been filled. - The first gap is at 11.8K, near the 0.786 Fibonacci retracement resistance level - The second gap is at 9.8k, near the 0.618 Fibonacci retracement resistance level - We are currently having difficulties breaking through resistance, as the 0.618 has been tested multiple times over the past few months Market Sentiment: Long short ratios are at 73 to 27, with significantly more long positions than shorts, indicating a strongly bullish market sentiment. What We Believe We believe that despite the gap at 9.8k, more weight is added to a bullish scenario, as we have broken out of major trend line resistance, and the psychological resistance at 10k as well. Let us know what you think in the comment section below Trade Safe.
CME:BTC1!
by XForceGlobal
4
Analysis price momentum on AAPL:Price is oscillating between two parallel trend-lines. Price is moving higher high in the channel. There was 3 big GAPs, Gaps occurs when there is generally a bad or good news comes. Volume is normal, It indicate that there will not a big move. Price is trading near the support line. Expecting move price will now move till (b) point and follow it till (c) point. From the current price after a small move towards down price can move towards 344.85 level.
NASDAQ:AAPL
by Trade-Technique
29
Knowledge about Gaps trade in market:By keeping 287.62 as stop-loss we can trade in this stock, target 313.49 Because the stock has many gaps we will talk about gaps, Gaps are areas on a chart where the price of a stock moves sharply up or down, with little or no trading in between. A gap is produced when on a particular day a certain stock at its lowest price is traded higher, compared to its highest price at which it was traded on a preceding day. Gaps can provide clues about the price movement. Remember that not all gaps are genuine, some are phony as well. Genuine or valid gaps occur when the market skips a price level. Common gaps normally occur in calm and quiet markets, rather trend less markets. There is a common superstition that “a gap must be closed.” It is further molded into “If space isn’t filled in three days, it will be filled in three weeks, and if it isn’t filled in three weeks, it will be filled in three months, etc.”
NYSE:MA
by Trade-Technique
21
SPY Island Reversal SetupLast week saw the largest decline in markets since the rally of the March low and in doing so created an Island Reversal Pattern which is a bearish type of chart pattern. Island Reversals form when price creates a gap up during an uptrend, holds above the gap level for a few days, and then reverses back to the downside while creating another gap on the move down thus creating an “island” consisting of a few price candles that are suspended above the bulk of recent trend. This Island Reversal occurred during a trend of yellow price candles which indicates that the market was experiencing bullish momentum volatility which can either be a signal of continuation or sign of a reversal. In general, after a period of bullish momentum volatility the trend will continue upward as long as price remains above the low of the first yellow candle(dashed yellow line) while a reversal tends to occur if price breaches below the first yellow candle. Price held just above the dashed yellow line on Thursday’s decline as well as on Friday’s attempted rally. Going into the new week of trading there are two things we want to watch for as a signal of what to expect next: 1) Should price make a move below the dashed yellow line it will likely be an indication that the two-month rally off of the March low has ended and a new short-term bear trend is forming. 2) Should price hold above the dashed yellow line and move higher while filling the gap it will likely indicate that the recent uptrend is still in play while keeping momentum in favor of the bulls. The Relative Strength Index(RSI) shows the green RSI has crossed below the purple signal line which indicates that the short-term momentum in price has shifted bearish. The green RSI is holding above the 50 level which is the midpoint of the total RSI range. In general, an RSI reading above the 50 level indicates overall bullish momentum behind price while a reading below 50 indicates overall bearish momentum behind price. Should the green RSI line cross below the 50 level it could be an indication that overall momentum is turning bearish, while a bounce up and off of the 50 level would indicate that overall momentum is remaining bullish. The Price Percent Oscillator(PPO) shows the green PPO in a fresh cross below the purple signal line which indicates short-term bearish momentum in price. The PPO and signal line both remain above the 0 level though which indicates that overall price momentum remains bullish. In general, a PPO reading above 0 indicates intermediate-term bullish momentum while a reading below 0 indicates intermediate-term bearish momentum. The Average Directional Movement Indicator(ADX) shows the green directional line(+DI) has crossed below the purple directional line(-DI) which indicates that the short-term trend in price is bearish. When the green +DI line is trending above the purple -DI line it indicates a bullish price trend, while the purple -DI line trending above the green +DI line indicates a bearish price trend. The histogram in the background shows trend strength and since we have the purple line above the green line it is showing us the strength of the bearish trend. When the histogram is rising it indicates a strong trend and when the histogram is declining it represents a weak trend, and for now the histogram is declining which indcicate that the current bearish trend is weak. The Volume indicator shows a two-day spike in volume as price gapped down after a period of relatively low volume in April and May. The volume on Thursday and Friday was at its highest levels since the March selloff which indicates that more traders were active on the late-week selloff. Overall the dominant trend in price remains bullish, but could turn bearish based on the island reversal setup as well as weakening lower trend and momentum indicators. Watch for support above the dashed yellow line as a signal that price may move higher; watch for a move below the dashed yellow line as a signal that the uptrend has ended. Current view is neutral, but I opened a short-trade on Friday due to the possibility that the island reversal pattern was a sign that the two-month rally has lost steam and is at risk of reversing to the downside.
AMEX:SPY
by PrepForProfit
1
Bitcoin - What is GAP?You may have noticed that I often use the word GAP, after many questions about what it is. I thought I'd tell you. What is GAP? If translated verbatim, a GAP (GAP) is a gap, the difference between quotes on Friday and the opening of the market on Monday. And if the difference between the closing price on Friday and the opening on Monday is significant, then a jump will occur. That is, the price is noticeably higher or lower than the price that was on Friday and it is clearly visible on the chart, as in the example below: We can see that the closing price on Friday was about $9295 and the opening price on Monday was $9705. That is about 410 points higher than the closing price on Friday: And this gap, which is formed between the market close price on Friday and the opening price on Monday, is called the GAP. Naturally, a GAP is not always formed. On average, it can be seen once a month and is more common in Forex and stock markets. Sometimes more often, sometimes less often, but the fact is that GAPs happen and you can make money on them. Why do GAPs happen? GAPs occur because during the time when the market is not active, namely over the weekend, a certain number of sell and buy orders are accumulated. And when the market opens on the night from Sunday to Monday, these very orders collapse and create a jump, as we saw on the chart earlier. Of course, this does not always happen, but only when there is a significant advantage in Buy or Sell orders accumulated over the weekend. Market makers see a huge number of Buy or Sell orders and, accordingly, we see the price visually above or below the market close values on Friday. As for the crypt currency: the futures market does not work over the weekend, while the crypt currency exchanges work 24/7, the price during the weekend can be called. It is worth noting one important point. As a rule, GAPs tend to close. Let us consider an example: Why do GAPs tend to close? The fact is that when the market opens significantly higher or significantly lower than Friday's price, then many orders are activated, many pending orders to buy or sell. Naturally, the stops of these orders are located near the Friday closing price. And thus market makers try to knock out the stops of those guys whose orders have worked at the opening of the market and take their money for themselves. After the gap was closed, the market can go absolutely in any direction. There are no special regularities here. In general, the gap tends to close, but sometimes it happens that there is a jump in opening prices on Monday, and it continues. It happens only when there is a strong trend movement or some fundamental factors come into play. For example, something could have happened in the economy over the weekend. That is, there is a tendency to close, but not always. You should keep that in mind! The probability of closing the gap is ≈ 70% Push ❤️ if you think this is a useful idea! Thanks for your support!
CME:BTC1!Education
by Valeriia_Top
7
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
AMEX:SPYShort
by mandujanotony31
1
Price action & Psycholog - Pullback and gapsHello ! Key points : Support : important zone on weekly chart, amplified by breakaway gap, previous resistance on daily chart Pullback 50% Fibonacci Exhaustion gaps coupled with higher trading volume Despite the market drop on friday, it held the support The support is on an important zone on the weekly chart, which explains why the breakaway gap formed. I can imagine people thinking "if it's not holding the support I'm selling" and some people started (probably because the overall market was weak) bidding lower prices pre-market. On the way up, it is very clear that the stock encountered a resistance on that particular zone. The fact that it broke out, means that there has been a psychological shift in people's thinking. Which makes this zone now a decent support. ***Disclaimer : This is not an advice to buy the stock. Please, be aware that trading is a matter of probabilities, it only takes ONE trader to deny your trade.*** Thanks for reading and if you have suggestions or wanna discuss the idea, just leave a comment, I'll be happy to answer.
NASDAQ:ONLong
by UnknownUnicorn6734025
Runaway gap or Measuring Gap In Technical AnalysisThree types of gaps: Breakaway, Runaway or Measuring Gap and Exhaustion Gap. Runaway gap or Measuring Gap: It can be a gap or series of gap in the middle of a trend (uptrend or downtrend) – We can use this gap to measure the remaining move just doubling the amount already achieved since the start of the trend It moves with moderate volume It is a sign of strength of the market (weakness for a downtrend) Runaway gaps can work as support areas for subsequent market corrections They are generally not filled If you are interested in Technical Analysis Theory, please subscribe and watch my Lessons studio.youtube.com
NASDAQ:MSFTEducation
by Mauriello
3
The Importance of Gaps in Technical AnalysisThree types of gaps: Breakaway, Runaway or Measuring Gap and Exhaustion Gap. Breakaway gap: 1.At a completion of an important price pattern and generally the breaking of a resistance occurs on a breakaway gap They sign the beginning of a significant market move 2.Breaking of a major trendline, in a reversal signal can also see a breakaway gap 3.They occur on heavy volume 4. Heavier are the volume, less likely the gap will be filled 5.The gap could be filled (generally not all the gap) 6. Upside gap they can work as support areas for subsequent market corrections 7. During an uptrend, it is important that prices do not follow below the gap, otherwise it is a sign of weakness If you are interested in Technical Analysis Theory, please subscribe and watch my Lessons studio.youtube.com
NASDAQ:GOOGEducation
by Mauriello
Very "old" trend-line in Starbucks - **IT WORKS**Good morning traders, Starbucks NASDAQ:SBUX hit a very strong Trend-line. We connected two points that are several years away and it's really interesting because it really stopped the market! This analysis contains not only a description of the current situation but is also partly EDUCATIONAL. The video content is as follows: 1. Market Profile (PinBar) 2. Volume Profile 3. Value Area 4. Trend-lines 5. Gaps 6. Zone trading We combine these points to create the whole picture. In the future, we plan to set up an alert manager for this type of trades so we can share it faster. Have good trading, FINEIGHT team
NASDAQ:SBUXLong
by Fineight
S&P 500 Gaps A look at the S&P 500 hourly chart shows numerous gaps created and filled, with most rejected, as price made a series of new lows at the open of each new trading day. Nearly every gap so far has been filled followed promptly by more selling. Friday’s record 10% move up on the state of emergency declaration saw price stop right at the most recent gap-fill level as well as the red downtrend line. Monday’s opening move will be an indication of what to expect in the short-term. A continued move higher would be bullish, while a rejection at the gap level and downtrend line would be bearish and likely lead to a re-test of the recent lows. A push below recent lows would likely lead to more selling ahead for markets.
SP:SPXShort
by PrepForProfit
1