Get started

Gaps

Lets have a look at current CME Gaps...Today we want to have a look at the current CME Gaps (GAP BOYZ!!). Looking back in the past we can see that every single gap has sooner or later been filled, so we can use them as some sort of guidance through this jungle. We see currently 3 gaps ...with the most recent one being between 11400 and 11900. The next ones are way below towards 10500 and even lower towards 8400 regions. We can see that we have a clear trendline break from the current upmove and we are shaping some sort of descending triangle overall. If we want to map this out with respecting all gaps then it looks to me that we are shaping some sort of short term double bottom at the 11300 regions which will push us back up towards 12000 ... to close that gap and maybe to test the trendline again. After that I think we will see strong pressure downwards towards 10500. Once we get there I will update the chart. Good Luck out there. Komm zu t.me für Top Krypto Analysen.
BITSTAMP:BTCUSDShort
by zereng3
8
5 minute h&s inside 30minute h&s's right shoulder triggersA 5 minute chart head and shoulder pattern hidden inside the right shoulder of a 30 minute charts head and shoulder pattern has triggered and reached its drop target sending price action down to the neckline of the 30 minute head and shoulder pattern. If the 30 minute h&s pattern triggers it's drop target is 9.6k or so. Considering we have gaps on the CME futures contracts to fill around 8500 odds are very good we will continue to dip lower so I think it's no coincidence that on the eve of the G20 summit at which they will be discussing unilaterally applying the FATF's new universal rules on crypto that the exchange bittrue suffers a big hack and price plummets setting the stage with pre FUD for G20 to employ even more FUDmongering. So I anticipate even more FUD from G20 to take the price even further doesn't to the 39% retracement support line at 8504 to fill all th gaps on thee CME futures. They say in stocks "All gaps must get filled" and while statistically 91.4% of all up gaps do get filled her's still that .6% of the time gaps don't get filled so i is very wise to ladder back in portions of your position on the way to 8504 because here's np guarantee we reach the bottom gap. That's what I will be doing anyways of course this is no financial advice and just my opinion so take from it whatever you will. Thanks for reading and good luck!
BITSTAMP:BTCUSDShort
by DrDovetail
2
2 gaps on cme chart prompt valid concern for a correction I think we sill have another leg or 2 to break up but these gaps on the CME are alarming....mainly because traditional stock charts tend to always fill these gaps eventually and looking left on this chart we can see that any gaps in the past on this futures chart have indeed ben filled shortly thereafter. While I don't believe filling the gaps is an absolute, it has a high enough probability that I wouldn't be surprised if after one more leg up on bitcoin, we may see the long overdue 31-41% correction that has ye o come his bull run, a drop from the 12k range of 31% would dip us down to right around that area. Of course there's always a chance the gap isn't filled although far lower probability on that one. Something to keep an eye on regardless.
CME:BTC1!
by DrDovetail
2
Bitcoin GapsThere is Two unfilled gaps on the Bitcoin CME Futures chart. Gaps are areas on a chart where the price of a stock (or another financial instrument) moves sharply up or down, with little or no trading in between. As a result, the asset's chart shows a gap in the normal price pattern. The enterprising trader can interpret and exploit these gaps for profit. Gap Basics Gaps occur because of underlying fundamental or technical factors. For example, if a company's earnings are much higher than expected, the company's stock may gap up the next day. This means the stock price opened higher than it closed the day before, thereby leaving a gap. In the forex market, it is not uncommon for a report to generate so much buzz that it widens the bid and ask spread to a point where a significant gap can be seen. Similarly, a stock breaking a new high in the current session may open higher in the next session, thus gapping up for technical reasons. How to Play the Gaps There are many ways to take advantage of these gaps, with a few strategies more popular than others. Some traders will buy when fundamental or technical factors favor a gap on the next trading day. For example, they'll buy a stock after hours when a positive earnings report is released, hoping for a gap up on the following trading day. Traders might also buy or sell into highly liquid or illiquid positions at the beginning of a price movement, hoping for a good fill and a continued trend. For example, they may buy a currency when it is gapping up very quickly on low liquidity and there is no significant resistance overhead. Some traders will fade gaps in the opposite direction once a high or low point has been determined (often through other forms of technical analysis). For example, if a stock gaps up on some speculative report, experienced traders may fade the gap by shorting the stock. Lastly, traders might buy when the price level reaches the prior support after the gap has been filled. An example of this strategy is outlined below. Here are the key things you will want to remember when trading gaps: ∙ Once a stock has started to fill the gap, it will rarely stop, because there is often no immediate support or resistance. ∙ Exhaustion gaps and continuation gaps predict the price moving in two different directions – be sure you correctly classify the gap you are going to play. ∙ Retail investors are the ones who usually exhibit irrational exuberance; however, institutional investors may play along to help their portfolios, so be careful when using this indicator and wait for the price to start to break before taking a position. ∙ Be sure to watch the volume. High volume should be present in breakaway gaps, while low volume should occur in exhaustion gaps. Source: investopedia.com
CME:BTC1!
by ArShevelev
10
AAPL / D1 : exhaustion gap to trap the dumb money ?TIP : A trend in stocks generally has 3 types of gaps along the way : 1st gap is often a breakout gap to trigger the trend trade 2nd gap is a common gap acting as continuation on the trend 3rd gap generally occurs like a trap at the end of the trend. Trying to show the stock has some more potential when it's already to late. Dumb traders enter, smart money reverses. The gap is generally filled a few days after it occured. Signaling the trend is terminated and that the prices will enter in corrective territory. Hope this idea will inspire some of you ! Don't forget to hit the like/follow button if you feel like this post deserves it ;) That's the best way to support me and help pushing this content to other users. All my scenarios and portfolio managements are explained in a daily basis on my Youtube channel. You'll find a link to get there in my profile signature here : @PRO_Indicators The English videos are posted upon the "Market Forecast (ENG)" Playlist. Kindly, Phil
NASDAQ:AAPLShort
by PRO_Indicators
10
My earnings analysis on EXELThere is a nice symmetrical triangle pattern that has formed just in time for earnings. A good indication that a decent move is in store for EXEL depending on the ER. Green box : gap down here into support we could see some buying off the lower trendline and 100 day SMA, or the 200 day SMA if the price gaps that far. The latter being a much stronger area to buy. Red box : gap up into resistance we could see some selling. However, if the move is strong enough, the resistance at $32.20 could be broken and she moves higher. At that point look to buy the rest off that old resistance, new support. Let's see what happens tomorrow for earnings. Good luck :D
NASDAQ:EXEL
by brianweber