There's a gap on the SPX daily chart. If the gap fills it will put us right near the daily 200MA and complete a bearish Head and Shoulders formation, which would have a target down near the Oct lows.
I am all for Bulls but QQQ has to fill this gap from 29Mar2023 before progressing higher.
On Tuesday April 18th sellers gained control of the price due to an unfavorable earnings report and over the next six days they push price from 180.05 to 152.37 thus creating technical damage in the stocks chart and the gap to form between 180.05 to 169.70, a $10.35 gap. The stock lost multiple key intraday levels during this technical breakdown including the 50...
• QQQ corrected to the 21 ema again, after filling the previous open gap at 322.08 (open since Aug 22, 2022); • It is ok to see QQQ losing strength after reaching this key resistance, however, in order to maintain the bullish bias, the 21 ema must act as a support; • If don’t, QQQ could easily seek the next support level, which is around 310, and this would...
Adani Power stock price has reached near the previous weekly gap resistance, which got created after the event thereby it is expected to get some resistance. Gap filling process may take some time, Such gaps occur majorly after the event and require a similar sort of opposite sentiment to get filled or positive news.
• TSLA has finally made a bottom signal above the support line at 154.76, indicating that it should jump to higher levels; • The problem is the key point around 164, a previous support level that is acting as a resistance now. This is the same key point we mentioned in our previous TSLA analysis – the link is below this post, as usual; • Also, despite the bearish...
Short-term bearish, long-term bullish. I'm not currently trading Bitcoin and am only stacking, but I use the short-term technicals to time my buys which have been nearly every week since September 2022, and my current cost average is ~$20k. Bitcoin price is attempting to hold above $28k after breaching but failing to hold above $30k this past week. The...
The current state of Tesla's stock has the potential to go one of two ways. Firstly, there is the possibility of a bounce in the near future which could lead to a nice swing opportunity for traders over the next several weeks. Secondly, there is a gap from 26 Jan from $146.41 to $154.76 which still needs to be filled. It's possible that this may happen next week...
After the test of the lower support at the 66 level and the recent decision of several top producers led by Saudi Arabia to output cuts the price is back at the top of the previous range between 72-82. I can see the gap which has to be filled sooner or later but in this moment the target might be the upper level where a lot of liquidity stays. How can i approach...
Looks like a likely double top forming in QQQ. I think it's likely to play out as the double top target move down would also fill a couple gaps in the hourly chart.
Many stocks have been climbing the "wall of worry" in a choppy fashion. But the fact remains that many of these stocks are still climbing. It is also important to try to pick stocks that are already showing some positive attributes (eg those that were breaking out of a base formation or already started to move above the 200day moving average etc). Whether to sit...
axis bank long from the given 813-816 dz 1st day tf demand 2nd axis has filled the gap of october targets are 861-866 and 904-908 stop loss is day closing below 813
NASDAQ:TSLA Fibonacci Retracement on NASDAQ:TSLA implies that it may take support on fib level of 0.236 of 176-177 dollar. Current price structure shows that it has taken resistance of 0.38 of 222 dollars, therefore, it may go down towards 146 to fill the gap. At this level, its RSI will also be oversold which will trigger bullish rally towards 177. Tesla...
META GAP about to get filled? Looks like a 10% drop might be in the near future. NASDAQ:META
The S&P 500 has formed an Inverse Head and Shoulders pattern at the 800 EMA after bouncing from the Potential 1.414 PCZ of a Bullish Butterfly and filling the gap below. Now the SPX is looking to breakout Bullishly and Target the .618 Retrace to fill the Gap above and perhaps go even further beyond.
After hitting the big round number 1.10 EURUSD is looking for Sellside Liquidity. For the next Weeks I am expecting EURUSD to gravitate towards that old low. Interesting how price reacted to the Weekly opening gap, which I outlined in my last posting as magnet for price - thats right there is the real support and resistance area.
On the Daily Chart EURUSD reacted from the High of the candle on 30.12.2022. Ideally we take out the sell stop orders at the 15min lows at 3:00 am and 3:45 am NYT. Partial Target at 1.0780 Final Target 1.080 By viewing any material or using the information within this plattform you agree that this is general education material and you will not hold...
I expect gold price will go down back to somewhere around $1825. There are still gap to fill, probably filling up the gap before it can go higher.