Looks like an exhaustion gap to me. Will wait for some recovery before selling.
Looking to short after a small retracement. This depends on what happens to the price over the weekend and where it looks like it will open. GBPs gapped open last weekend.
Has this neat little trend of tanking and crawling back up Tanks can't be predicted that well but the rise is consistent Opening short term position and then a long one if it pans out well
- GBPUSD has just ran into a Major Support Level - We have an Open Gap well above us - If I can find a reason to get long then I will - Right now I'm looking for a Double Bottom to occur on the Lower Time Frame Target #1 - Next Level of Resistance Target #2 - Gap Fill Stops - 1 ATR Below Double Bottom (if we get one)
T.D 9 is signalling that a reversal might be coming up. Looking at the divergence and the supply zone that pice is currently pulling back into, combined with the reversal range that the 50 day MA is passing through a possible reversal looks indeed likely. Before going short, wait for a bearish candle and a close below the T-Line on the 1 hour time frame. This...
Just a plan, looking for projections based on... ... recent wave structure... ... channeling... ... similarities with my proposed Minute wave ii... ... the idea that the index doesn't want to make a long journey leaving opened gaps behind...
SCTY is a very erratic stock that can be sent flying or diving and usually follows patterns and triangles very well. I see it going down a bit on the triangle in the next few days or so and then continuing. I'm in right now but I'm going to probably sell tomorrow and get in on the next low and long until 40ish. Solar companies also received good news from Nevada...
Market has a chance of filling this gap that has been created recently. If we can see a 15 mn candle close above the resistance level then we can go long on this trade. DO NOT GO LONG IF PRICE DOESNT CLOSE ABOVE 207.71. Keep a tight stop just below the entry price and make sure to exit in the rectangle.
Fitbit is holding its own against Apple. This is the more affordable device and controls the market share for this space...FIT was upgraded and thus has a nice gap today, should run higher from here with overhead supply at the old resistance levels look for those to be targets to take profit and lock in gains....move stop to trail...stop starting in gap, give...
This stock has a huge base, gapped today on news with high volume this is what I like The options are expensive in vol but I will take a shot at a few LONG term to hold premium better. There is no overhead supply so using the idea of the cup bottom as a target a bit. I am giving it time to develop as the driverless car technology continues to be talked about and...
CHUY moving strong with great earnings and gapped well. High today and this is an island reversal...this could cause a nice run, I bought Oct 35 calls and look for a decent move over the next few days....buying time but the options were 2.08 so BE is 37.08 at Oct x date....I have not eaten here yet but sounds like people like it as earnings go higher with revisions
This is a gap and go. Look to enter on break of today's high or a retrace to gap with a bounce allowing a lower entry price. Stop is in gap area...if fills gap then would not trade this one. The earnings and great gap with volume shows pros want in and thus may start a steady climb from here
CAKE could continue higher but again all is based on the markets in general..if they continue higher then this stock has the room to move with expansion of their restaurants etc...the stop is at the bottom of gap.
UA moving higher, this is a trade you can take in a few ways. 1. Wait for today to close and then watch for tomorrow if breaks todays high then take the trade long 2. Wait for today to close and then watch for pullback, when bounces (pivot) buy on bounce which happens often around gap as support 3. Wait to see if fills gap then don't trade off that. The gap...
Apple Inc. has gapped down after the latest earnings report (on June 22, 2015), which contained weaker than expected revenue forecast. The price has opened below the 1st standard deviation from its quarterly (66-day) moving average (standing at 124.9), signaling a risk of initiating a downtrend on quarterly basis. Despite that, price has popped back up to the 1st...
Buy on bounce off this old resistance acting as support. Stop in gap or under. Earnings are due out soon so a study of past earnings may be worth looking at..