Gaps
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.
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Short Setup USOILCurrently USOIL is testing upper MLH of inside fork as well as the lower 0.5 of regular fork based on pivots that were formed later. An inflow of supply at this level is expected. Selling short 6635 with 1.8*ATR stops and looking for 2R-3R targets below is the plan.
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
March 2017 Oats has climbs higherMarch 2017 Oats has two gaps to fill that were created back in October 2015 on the Weekly chart. It is possible that bulls want to fill these gaps. Look for more upside to 256'4 and then 280'0. Highest achievable point maybe 294'2 made back in fall of 2015.
$SPY Windows closing to the downside 204.28 up nextI am seeing 2 windows recently closed and a third on the way at 204.28. Also a downward megaphone. 60min chart
TATA MOTORS - Covering Gap (Sell)As per the previous close, it seems bearish and looks like it will fill up the previous gap up on daily chart as well as hourly.
Take 50% profits at the first target zone marked in the range of 444-447.
Manage your risk with entry and positioning sizing.
pennies to thousands above cloud gap up holding observebologna bands widening get our book pennies to thousands 40 yrs trading to read bologna bands mad crossed stoc crossed rbi good cci and per r upper band
New Intra-Day Gap Indicator. V1 - More Features Coming Soon!CM_Gap_Indicator_Intra-Day_V1
This is a Simple Gap Indicator.
Version 1…Many Additional Features To Come.
***Designed for Intra-Day Charts.
***Great for Stocks…Forex and Futures Sunday Night Gaps.
***Plots Green Lines If Gap Up
***Plots Red Lines If Gap Down
Additional Filters Coming Soon:
***Minimum Gap% Filter
***Gap Mid Lines
***Color Coding On Filled Gaps
Long term US Treasuries - A buy, for now...As we fast approach the typical seasonal top for the North American economy it shouldn't surprise us to see the anti-equity-market proxy (bonds) start to look more attractive. While I am not suggesting a trade (low reward to risk ratio on setup prevents me from considering the idea) , I do respect the fact that we may see a nice rally from current levels. Three justifiable reasons suggest to me price wants to revisit the low 140 area in the not too distant future. 1. Inverted Head and shoulders price pattern target (outlined on chart). 2. Optimal Short Trade Entry (OTE) zone currently about 144 to 148 . 3. Gaps near 143 & 145 need to be filled. Put it all together and I can comfortably understand a bond market rally - but as previously mentioned, because reward is about equal to risk I simply can not justify taking a trade....
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