Semiconductors in Focus: Top or Not?NASDAQ:NVDA has shifted sideways since the huge earnings breakaway gap, a pattern that tends to provide strong support for profit-taking. Unlike NASDAQ:AMD , the trend doesn't appear to be at risk of shifting into a downtrend at this time.
While there has been some negative news pertaining to China for NVidia, the chart patterns don't indicate any concern from the largest Buy Side Institutions yet.
NVDA reports again near the end of August. By the end of this month, the big Buy Sides will have made adjustments to their holdings depending on their expectations for earnings, a time to watch for any shift in the technical patterns.
AMD reports early August. This short-term M top is at risk of testing support level highs below.
Gaps
📊 Liquidity Gaps CheatsheetIn volatile markets, traders can benefit from large jumps in asset prices if they can be turned into opportunities. 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.
📌 What is a gap?
A gap occurs when the price of a security moves quickly through a price level, either up or down, with little trading or pricing available over that time span.
📌 How they are formed
Gaps can be caused by several factors, but they are mostly seen as a result of unexpected news or a technical breach of support or resistance.
🔹 On the fundamental side , the news could be a company beating earnings estimates by a large margin, or a speech by a Federal Reserve (Fed) official impacting interest rate expectations.
🔹 On the technical side, gaps can ensue following the break of a prior high/low, or other form of technical resistance or support, such as a key trend line.
💥 Key Takeaways About GAPS
🔹 Gaps are spaces on a chart that emerge when the price of the financial instrument significantly changes, with little or no trading in between.
🔹 Gaps can occur unexpectedly as the perceived value of the investment changes, due to underlying fundamental or technical factors, such as an earnings disappointment.
🔹 Gaps are classified as breakaway, exhaustion, common, or continuation, based on when they occur in a price pattern and what they signal.
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This #1 Stock Will Shock YouBecause this stock was in the news the whole week
Honestly
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i didnt think anything would happen to it
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It made a surprise gap
The one i have been telling you about
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This gap happend on thursday
Right after the market open
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If you missed this trade dont worry
there are always good trades
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every week
The question is which one will it be next week?
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Watch this video to find out
this stock which gaped and cause a media frenzy
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--If this video helped you
Like it and share it
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Cheers,
Lubosi Forex
XAUUSD | GOLD | DECRYPTERS Hi People Welcome To Decrypters
Last Friday :- Due to News DXY covered Already some losses from Last week
Monday :- will be A recovery move with Respect to Friday Move
Over All it was profit taking move , Not a selling move ( Which SURELY can continue more down side )
It Doesn't mean though you can't sell ,GOLD is Over all bullish in LONG TERM IN EVERY HTF CHART ,SO more positions will be Added on the Down side
(We also added link to previous Analysis as yo can see we posted Analysis before news the 5th wave "SHOULD "be "COMPLETED")
Related to previous Analysis :-
The corrective A wave was played
B will be played as retracement to the Up side
C will be continuous move to the Down side
Fundamentals :-
1- Banks need to buy At Discount
2- They need to close longs for profit taking
3- Banks Effect is already Suppressed for now
4- USD will be save by FED for shorter Term ( AT LEAST FOR 6 - 12 WEEKS OVER ALL )
5- Coming Recession should give GOLD A Down Move As well
IMP SIDE NOTE :- We told you in previous Analysis till 12 APRIL GOLD is in buying Scenario , NOW WE Are telling you to look more in to sells "OVER ALL " ( There will be up Days for sure over all it will be down side in coming 6 - 10 Weeks )
ALSO note The Analysis of APRIL 10 will give you Clear IDEA of whole 6 - 12 Weeks if you read and unds all info you'll be benefited for sure
SPY/QQQ Market Bias & Top Stock Watches - 4/14/23 - Inside(bull)Bias: SPY looks good to go higher if it holds the 412 area. QQQ looking more like an inside day with room to move in either direction
Top Watches: Long - TECK, WFC, BAC, JPM. Short - BA, CTLT.
Tune in to my stream at 9:25 EST for my full list of top stock watches and to watch me trade them Live!
Follow @JLaing for a timely morning bias of the market like this, top stock watches, and live day trading every morning!
4 TYPES OF TRADING GAPS Less is more... And this is just a summary of the most common 4 types of Gaps you may see,...
1. Break-away – Breaks out of a current trend
2. Exhaustion – Ends a current trend
3. Runaway – Runs in the direction of the trend
4. Common – Just an ordinary gap
Can you think of any more gaps?
EXPLAINED: Runaway GapLESSON OF THE DAY
Runaway Gap
A Runaway Gap is a continuation move where the price gaps in the middle of a trend e..g Up or Down.
The gap is a void (where no prices overlap between two candles)
And then the price follows the previous trend.
I like to think of a Runaway Gap as a horse that goes from trotting to galloping.
The trend then starts to accelerate and continue in the direction.
Specifics for this example:
· Previous price moves in a downtrend.
· Price then gaps.
· Price then follows the continuous downtrend.
Please react so I know to provide more daily lessons...
Trade so easy with FAIR VALUE GAPS!Hello trader, you look great today! I have a useful trading tool to offer you. If you are experiencing positive feelings towards me, please consider following me and helping to increase my exposure.
FAIR VOLUE GAP
First, go to tradingview and search up Fair Volue Gap . Now, you can see your chart dashed lines, to see levels based on these pages. FVG and to make this set up a lot better though we want to clean this up and only show significant Fair Volue Gaps by going into the settings and selecting the auto threshold. What this does is allows the indicator to detect the average best size of each Fair Value Gap to filter out insignificant ones.
Market Bias & Top Stock Watches - 3/2/2023 - BearishBias: Choppy open. Bearish bias overall, resistance at 393 and no support until 390 - 388
Top Watches: Long - KR, OKTA, NTLA, M. Short - AEHR, SNOW, BBY, AMZN
Tune in to my stream at 9:30 EST for my full list of top stock watches and to watch me trade them Live!
Follow @JLaing for a timely morning bias of the market like this, top stock watches, and live day trading every morning!
Market Bias & Top Stock Watches - 3/1/2023 - Choppy Bias: Support below at 393, resistance above near 395-396. Under 393 is a huge void.
Top Watches: Long - GOGL, FSLR, SRPT, BGS. Short - NVAX, MNST, FIGS, TSVT.
Tune in to my stream at 9:30 EST for my full list of top stock watches and to watch me trade them Live!
Follow @JLaing for a timely morning bias of the market like this, top stock watches, and live day trading every morning!
Market Bias & Top Stock Watches - 2/28/2023 - NeutralBias: In a range between 396 and 402, leaning bearish.
Top Watches: Long - GOGL, HIMS, ZM, VTNR. Short - OLPX, KDP, DISH, TGTX.
Tune in to my stream at 9:30 EST for my full list of top stock watches and to watch me trade them Live!
Follow @JLaing for a timely morning bias of the market like this, top stock watches, and live day trading every morning!
Market Bias & Top Stock Watches - 2/27/2023 - Bear ChopBias: Early sell off. Chop around between 397 - 402.
Top Watches: Long - TGNA, CRWD, LICY, ATEC. Short - PFE, KHC, CMCSA, GILD.
Tune in to my stream at 9:30 EST for my full list of top stock watches and to watch me trade them Live!
Follow @JLaing for a timely morning bias of the market like this, top stock watches, and live day trading every morning!
Market Bias & Top Stock Watches - 2/21/2023 - BearishBias: Bearish. Could bounce off open. Room to at least 400, maybe lower.
Top Watches: I will update this post with my top four long and short ideas between 9:25 - 9:30 EST.
Tune in to my stream at 9:45 EST for my full list of top stock watches and to watch me trade them Live!
Follow @JLaing for a timely morning bias of the market like this, top stock watches, and live day trading every morning!
Market Bias & Top Stock Watches - 2/14/2023 - Choppy BiasBias: Inside Chop. Wait and see for direction. Leaning bullish.
Top Watches: I will update this post with my top four long and short ideas between 9:25 - 9:30 EST.
Tune in to my stream at 9:45 EST for my full list of top stock watches and to watch me trade them Live!
Follow @JLaing for a timely morning bias of the market like this, top stock watches, and live day trading every morning!
Gaps tend to fillFFIE has been destroyed and shorted the past year as they ran into funding issues for the production of their new car. Now that we have clear funding and a production date, I expect our gaps to fill. Many larger institutions sold out of positions last year with the pressure of the declining stock and took losses. I expect our gaps in the low 2's to FILL.
Types of Gaps !!!👨🏫Hello👨🏻🏫, dear traders from all over the world🗺️.
I'm Pejman🙋🏻♂️ & welcome🌸 to one more educational adventure🧭 in Tradingview, but we will not be traders💹 today; We want to look at our charts like a hunter🏹.
We look for every clue🐾 we see so that we can hunt suitable positions💱 like valuable creatures💰 and transfer them to the cages as our accounts💳 or wallets💸.
Although I'm not too fond🙍🏻♂️ of hunting, either legally or illegally.
But I know that hunting good positions in the forests🏞️🌳 of Tradingview is not prohibited😉❗.
So let's get acquainted with these clues🔎 as soon as possible because the price is skittish🙈, and we don't want to waste the hunting time⏳✅.
I said that in Technical Analysis , we look for ways to trade by using the price information, which is recorded on the charts📈. (such as the prey's tracks🔎🐾)
Today I want to introduce one of these clues so that you can become a professional position hunter🏹 by identifying the clues👀;
But don't forget that you should practice🙌🏻, be careful⚠️, and watch your positions👀, so you don't miss them or rush 🏎️💨to the wrong❌ position🙂.
Today's clue is the GAPS . First, let's see what the GAP is🤔.
The gap is nothing. I mean, it is something that is nothing😶🙄.
It is incredibly paradoxical💥! I'm kidding😉, but the space between candles🕯️ or bars is called a GAP.
A gap is created when we see👀 a price gap between two candles🕯️ or bars when the trading volume is high⏫ or low⏬. This difference or space between two candles is called a gap🤏🏻.
It is said that gaps are more valuable✅ in higher time frames among the traders, so much coin, much care👀.
Gaps, or as the Japanese🎌 term "windows," are significant for hunting🏹 positions, so as hunter traders, we should learn these gaps well👌🏻.
The reason🧐 for creating gaps can be factors such as important positive🆒 or negative🙈 news or an increase🔺 or decrease🔻 in supply and demand.
It is interesting to know that gaps are primarily seen in Forex , Stocks , and Commodities (especially when markets close and open).
The space👌🏻 between the candles means that the price has jumped like a rabbit🐰 from one number to the upper☝🏻 different number.
Or, like a monkey🐒, it moved from one number to a lower👇🏻 number.
I tried to make it funny😊 and straightforward👌🏻, but these gaps that move up or down have different types, like the year's seasons🌈☁️.
We have 4️⃣ seasons in a year and also 4️⃣ types of gaps in the charts.
According to personal taste😊, I relate the gaps to the year's seasons and, simultaneously, do not forget the case of hunting positions🏹💰.
So fasten your seat belts💺 because we want to travel in time🧳⏳ to all the year's seasons with this post🚩 and learn about the different price gaps, which are one of our clues🐾 to trap positions🪤.
Let's start with the autumn🍂 season because we are still in it and can understand it better😌.
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The name of this type of Exhaustion 🥱 gap.
They are seen at the end🔚 of a process, which means that the process may change🔄 at any moment.
Just like the autumn🍁 season, it may rain☔ anytime after seeing the clouds🌥️.
Another feature of this gap is the increase🆙 in trading volume, so by paying attention👀 to these points and practicing by reviewing the charts📈, you can easily recognize🔎 this gap.
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The next💁🏻♂️ gap is the Breakaway 🏃🏻♂️ gap.
The breakaway gap is associated with an increase⤴️ in trading volume.
This gap occurs when a critical range is broken🤞🏻, representing a strong💪🏻 start🏁 trend or a sign of trend change.
Like the blooming🏵️ of some trees🌳 in winter☃️ or the sprouting🌱 of plants from under the snow❄️.
Also, This gap is created when the price starts moving from a limited area, like support or resistance ( I'm going to talk about them in the future😉. )
I have to say that the breakaway gap plays a critical👌🏻 role in some of the classic reversal patterns, such as the Head and Shoulders Pattern , Double Top/Bottom Patterns , etc.
When The breakaway gap is combined with Classic Reversal Patterns, the breakaway gap adds to these patterns' validity✅.
If you want to get acquainted with the most important Classic Reversal Patterns of Technical Analysis , I suggest you read the following post👇.
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Now it's time for spring🌸🍀, and I'm going to introduce a gap like spring.
Spring season is a sign✌🏻 of the continuation of life💐, and this gap in technical analysis shows the continuation of a trend📈.
The Continuation gap is also known as a Runaway 🏃🏻♂️ gap, occurring in the middle of a downward↙️ or upward↗️ trend.
This type of gap creates a kind of confidence for traders to enter.
It doesn't occur when the price fluctuates or corrects in a limited area but occurs during a rapid increase or decrease.
So, as a result ☑️, if this gap occurs in an upward trend🔺, it indicates the continuation of the upward movement.
And when it is created in a downward trend🔻, it indicates the entry of more sellers and further price decline.
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Now we have reached✌🏻 the last gap🥰.
This gap is Common , but I should introduce it as the summer☀️ season.
These gaps are very common, And considering the time frame it has, it is expected to fill quickly, which is also called "closing the gap."
The filling or closing of the gap means that the price returns🔁 to the same area where the gap was created, like a criminal returning to the crime scene😄.
This can be true✅ for gaps as well.
Time flies in summer🏝️, and Common and Exhaustion 🥱gaps fill as soon as a blink👁️.
You may have heard👂🏻 that gaps are always filled, but this is not permanent🙅🏻♂️ and only a strong possibility🤏🏻.
For example, Continuation 🏃🏻♂️ & Breakaway gaps usually take a long time⌛ to fill.
But what if the gap doesn't close🤷🏻♂️?
Go to any currency pair and examine👀 the recorded data🗄️; You will find that many gaps take a year or more to close.
It is interesting😃 to know that the Japanese🎌 have another interpretation of the price gap.
They use gaps as continuation and reversal trading patterns (as I said, I'll explain them in future posts🔜😉).
It is interesting to know that the combination of gaps can create the Island reversal pattern.
The Island pattern consists of two gaps ; One up⬆️ and one down⬇️.
We will definitely✅ learn more about these patterns in the following posts🔜, but today we are only focusing on the gaps🧐.
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Another thing I want to add➕ is about the Heikin-Ashi charts💹 that we learned about in the previous post🔙.
Gaps are filtered❌ in Heikin-Ashi charts.
As I said, in this chart, the average is displayed between two✌🏻 consecutive candles; even candlestick patterns are filtered❌.
So, the type of chart is also essential👌🏻 for finding gaps.
Well, I gave you the basic tips to identify these gaps🤏🏻, and now you can carefully look👀 for them in your charts💹.
Practice this information for a bit, as I will be back soon🔜 with an educational post👨🏻🏫 on how to trade💰 with these gaps.
If you have any questions❓, you can ask me💬.
We will get acquainted with new clues🔎 in new posts, so until that day, take care of your knowledge📊 and increase it every day📈, because according to Kofi Anan:
Knowledge is power💪🏻, and information is liberating. Education📚 is the beginning of progress in every society🏙️, in every family👨👩👧👧.
I hope you become stronger🙌🏻 daily by using your knowledge, and I will also increase your progress by teaching you the introduction.
I wish🙌🏻 you happiness, health😍, and success😎.
Market Bias & Top Stock Watches - 12/5/2022Bias: Bearish Chop
Top Watches: Long - NIO, TCOM, ATVI, DVN. Short - CPNG, SWN, BAC, TSLA.
Follow @JLaing for daily review/bias of the market and top stock watches for day trading every morning!
Tune in to my livestream every morning from 9:15 - 10:30 ET to see real live trading and get a more thorough review of my top watches!
Big move in VXX brewingWhat we have here is a very LOOONG pennant on VXX. We already had the breakout back in September and since then have created a whole pennant for the retest of the breakout. From how things look now, the apex of the smaller pennant is due to breakout no later than November 22. The yellow rectangles are gaps within the price action. The retest has a gap to be filled and the breakout target is RIGHT at the gap fill of the second from bottom gap. Breakout target for VXX is $27.30
Combine this chart with what I just recently shared on SPY, shows there are darker days ahead.