Hey guys, the gap we were expecting was very big (especially with euro and yen pairs) but remember that gaps tend to be filled afterwards. So, if this alligns with my structure analysis i think the opportunity is good. The yellow box you see above represents a previous level of structure that acted as support and now could turn into resistance. As we go on lower...
nice continuation to close the gap safe buy stop in at $10 target $11.50 for +15%
short <1.99 Stop 2.1 Target - 1.65
Short<1.45 stop 1.51 target - 1.27
Short <1.49 Stop - 1.55 Target - 1.31
Price bounced off the gap created on Feb 23rd. instead closed the gap from March 16th. and is now making lower lows. what about that?
The market hates gaps and will always try to fill at some point. June Lean Hogs filled one gap and will probably attempt the next one Monday/Tuesday. Lean Hog index has stopped increasing, but remains around 77.73.
Sorry for not posting the original buy. This is my price target short term for SBUX. The 24th is a dividend date and I will collect those as well. This stock is small movement but profits none the less.