CME GapA CME gap seen on CME chart, so more likely to move toward $11100 support range and fill the gap.
Gap
7 DAYS GAP WINDOWS OPENif you are watching this you already know what might happen. :) safe trades.
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FILL THE GAP * FILL THE GAP * FILL THE GAP BITCOINin a couple days everybody will be talking about these gap the bitcoin futures has created today. still a short uptrend move but as soon as big traders see weakness they will press the TAKE PROFIT button. so be ready!
BTC1! cme to gap down over the weekendA most likely retest of the 4H 200ema and smaller triangle trendline next monday.
The reason that I don't consider a gap up is because of the recent low volume which indicates PA still ranging within the ascending triangle.
TSLA: Next steps!Hello traders and investors! Tesla is still inside a consolidation, but is there anything else we can do right now? Let’s see.
Recently, Tesla lost the support at $ 415 (red line), but the movement was just a quick reaction to fill the gap at $ 407 (blue area). Remember, gaps work as magnets , and the price found a support there.
The 21 ema is flat, and only if Tesla defeats the resistance at $ 433.60, we will see something new. This could easily lead Tesla to the $ 461.88.
Let’s see the daily chart for more clues:
The stock is trading in the highest part of this Triangle chart pattern , and this is quite annoying because it ruins the pattern without a good breakout.
Now, the 21 ema is holding the price, but we must consider that since it is flat, it loses a good part of its reliability . Today’s movement is clearly bullish, but again, this is not about Tesla, as it has been following the Nasdaq Composite.
What bugs me is the volume. The black candlesticks have a higher volume than the white ones in the past few days. Also, it is quite low, and below the average. If Tesla is going to react, we need more volume, as it is the fuel to a trend.
The $ 360 zone is a target in case of a pullback, that would occur if Tesla loses the 21 ema and its supports in the hourly chart. It doesn’t mean the trend is going to change, it means we are going to see a sharper pullback.
Let’s see how Tesla will behave next, and if you liked this analysis, please, support it! And follow me to keep in touch with my daily studies!
Trade well!
BTC1! cme in a ascending triangleCME failed to close the gap that opened this week, instead price heading in the opposite direction. As it happened before price will reverse and fall to close the gap. If price maintains within the ascending triangle then price action is bullish and upward trend will resume.
AMZN: Targets for two different scenarios!Hello traders and investors! Let’s see how AMZN is doing today!
The stock hit our target at $ 3,133 (black line) as we discussed in my last analysis, on Sep. 25, after it triggered the pivot point at $ 3,066. Now, the price found support at the black line, and this is no surprise. When a resistance is defeated, it works as a support in the future, according to the Principle of Polarity .
But recently AMZN is moving sideways, and we see a H&S chart pattern . The neckline is the black line, so I believe this is the most important point for AMZN right now. If lost, it could easily bring AMZN to fill the gap at the red line ($ 2,961).
Now, let’s see the daily chart:
Amazon is quite flat, but the black line can be seen from here as well. Yesterday’s volume was very weak, and this is disturbing for those who are longing it. But pullbacks are acceptable, especially if a stock is in a strong long-term bull trend like AMZN. It would only create opportunities.
Also, we may have an Inverted H&S in the daily chart, and if triggered, AMZN could hit the All Time High. But so far, neither of the patterns were triggered, and these are scenarios to work with.
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My best regards.
Cisco Momentum Trade on volume impetus (Range)Reasons for entering trade:
LOCATION: Double bottom forming off of .618, not yet confirmed.
Price currently between .618 and .786 from fib off of breakout and uptrend from 2017.
MACD: Triple bullish Divergence (Market Structure in MACD)
WILLY: Coming out of oversold (Market Structure in Willy)
VOLUME: Green bar Impetus
Notch in volume profile needs to be filled
Huge gap needs price discovery
At POC for support.
Cons:
No moving average convergence
Would like to see price action form W at a little lower level between most recent .618 and .786
Fundamentally:
Cisco is a leader in video conferencing, strong fundamentally against a backdrop of Covid isolation and quarantine. Unfortunately, lots of other very significant events happening in the US and globally that could disrupt and invalidate any TA.
Trade: R/R 6.4:1 NASDAQ:CSCO
Front run the double bottom formation and enter trade off of .618 @ $38.74. Set stop just below bottom of potential W formation at $37.44. Sell order at $45.79 for the whole position at a fill of the notch, a revisit to the gap, and a touch of volume high on volume profile.
*Not trade advice, for entertainment purposes only. DYOR
BFIT on its way to close the gap between 21,85 and 22,25Basic-Fit showing a lot of upward potential within the coming weeks
AAPL: A reversal pattern ahead?Hello traders and investors! Let’s see how Apple is doing today!
The hourly chart suggests the formation of a H&S chart pattern, but it is losing strength as Apple is going up today, and as long as it keeps trading above the 21 ema, the trend will remain bullish in the short-term, and the next target to it is the $ 118.76.
But if AAPL loses the 21 ema, probably we will see a retest of the neckline (black line at $ 112.85), which is a very important price zone for Apple. Also, it is the same point Apple filled the gap (blue area). If Apple loses these points, it will just seek for further supports, and the daily chart may offer us more clues:
If Apple triggers the H&S in the hourly chart, it will also lose the 21 ema in the daily chart, going into bear territory. There are no supports other than the $ 104-105 zone (black line), and this could be an interesting target to work with , in case Apple starts a bearish trend next.
But the H&S wasn’t triggered yet, and so far, all I can tell is that it is going to hit the $ 118 again. And if you liked this idea, please, support it ! And follow me to keep in touch with my daily analyses.
Let’s see how AAPL will behave next.
Trade well.
TSLA: Two Pivot Points to keep in mind!Hello traders and investors! Let’s see how Tesla is doing today!
Friday’s reaction was quite intense, but today Tesla is trading near its resistance, trying to breakout this Triangle chart pattern again.
So far, it seems the stock lacks the strength to do so, and I would only believe in a better reaction if it trades again above the $ 433.60 (green line). By triggering this pivot point , Tesla would have the strength to hit the $ 461.88 again, and the gap would help to drag the price up.
On the other hand, if Tesla loses the $ 415, it will trigger a bearish pivot , and if that’s the case, the $ 360 seems to be a reasonable target, especially if we look at the daily chart:
The volume seen on Friday may be an indicator the bull trend will have problems from now on. Today’s candlestick is quite mysterious, and it shows a level of uncertainty on the market.
You may say that the Triangle’s base would be a better target than the $ 360, and I wouldn’t disagree, but since it already did a false breakout last week, I wonder if this Triangle is as strong as we think.
If Tesla loses the $ 415, probably will lose the 21 ema in the daily chart with it, and it would trigger the Shooting Star candlestick pattern seen on Friday. All of this would make Tesla quite bearish in the short/mid-term.
To sum up, we have two important pivot points to keep in mind right now . And if you like this analysis, please, support it ! And follow me to keep in touch with my daily analyses. Every day I share some thoughts with you, and I’m sure you’ll find something useful around here.
Stay safe.
ZM 120 short term retracementWe may see a short term retracement, there is a descending triangle starting 9/23.
Current support is at 460 (fib 0.382), if ZM breaks below the range and bearish continuation to lower structure, it may fill the gap @ 420.
Lots of money is trapped at the top of these high profile tech stocks, traders will want to take their profit before the broader market deteriorate.
NCR After big gap - closer for critical area of resistances NYSE:NCR
excellent risk-reward ratio in this trade
SPX: Weekly analysis and multiple time frames (H,D and W).Hello traders and investors! Let’s see how SPX is doing today! Let's do a complete multi time frame analysis (MTFA) as usual, by looking at the hourly, daily and weekly charts!
The hourly chart is showing some signs of weakness, and it seems it is doing a H&S chart pattern . I see the black line as the most important point right now, as it was the previous top, and today it worked as a support for the index. Also, if lost, it would trigger the H&S pattern, as it is also its neckline.
If this happens, it would be easy for SPX to fill the gap at the red line, but let’s see the daily chart for more clues:
The black line can be seen from here as well, and if the price finds a good support there, the blue line at 3425 would be the next target. On the other hand, if the price loses its support, nothing could hold the price until it drops to the next support at the blue line (3200).
The index is still in a bearish momentum, as we don’t see higher highs/lows on the chart, and so far, there’s no clear sign that this situation will reverse.
Now, let’s see the weekly chart:
It seems the price just found a resistance at the yellow line, which is the All Time High before Covid-19. It seems it still is an important psychological point for the index, and it left an annoying shadow above this week’s candlestick.
As long SPX keeps trading between the yellow and purple line/21 ema, the trend will be suspended.
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Have a great weekend!
TSLA: Weekly outlook and scenarios to work with.Hello traders and investors! As today is Friday, let’s do our complete Multi Time Frame Analysis (MTFA) on Tesla! We’ll look at the hourly, daily and weekly chart as usual.
First, Tesla filled the blue gap today, meaning it wasn’t a Breakaway Gap after all, and now it lost all its short-term supports, namely the green/purple lines and the 21 ema (which is now pointing down).
Now, Tesla is just going to seek its supports . It already lost the pink line at $ 411.60 in the post market and it is aiming for the gap at $ 407.32. Now, let’s see the daily chart for more clues:
Tesla did a false breakout from this Triangle chart pattern, as it closed a candlestick outside the pattern, but today it returned to the white area. This is frustrating, and we can’t complain, as the volume was quite low these days, which was a true warning sign.
On the bright side, it is slightly above the 21 ema, but since the candle is quite bearish, I wouldn’t be surprised if Tesla seeks the Triangle’s base next. But right now, it seems the green line in the hourly chart is the border between bull and bear territory.
Let’s see the weekly chart:
Since we just saw a false breakout from a Triangle, it is reasonable to consider the possibility that Tesla could do a pullback in the weekly chart to its previous supports.
The purple line at $ 359 is the first target, and the 21 ema is the second. I find it hard to imagine (at least right now) that Tesla would hit the red line at $ 273, but I’ll leave this point in the chart.
Another real possibility is that Tesla could do a sideways correction and wait for the 21 ema to hit the price. This scenario would make things very complex and boring for Tesla in the mid-term, but we must keep this in mind.
I hope this analysis clarified a few things for you, and please, support it if you liked! Also, follow me to keep in touch with my daily analyses!
I wish you all a great weekend!
TSLA: Will it reach the All Time High?Hello traders and investors! Let’s see how Tesla is doing today!
Tesla is following the good mood seen in the US stock market and is going up nicely. It defeated its resistances at the green line, and the purple line, which we discussed about yesterday, and now the next target is the $ 461 in the hourly chart.
We may see pullbacks along the way, and this would be natural and expected. A pullback to the green line again or to the 21 ema shouldn’t be scary at all and would only offer opportunities to buy. Also, we may have a Breakaway Gap here, but it is too soon to say this.
Let’s see the daily chart:
Since there’s a Triangle chart pattern here, and we have a breakout with a possible Breakaway Gap, the daily chart suggests it could hit the Triangle’s top at the All Time High, around $ 502. But the resistance at $ 461 is still there, and it may offer a challenge for Tesla in the short-term.
So far, there’s no reversal sign around, and as long we don’t see one, Tesla will just continue going up. Pullbacks are expected, but usually, they just offer us opportunities.
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Trade well, and stay safe.
GOOG: Some scenarios to work with.Hello traders and investors! Let’s look at Google today!
The hourly chart tells us that we are in a short-term bull trend, after GOOG did a double bottom pattern at the purple line. Now it is doing higher highs/lows , a characteristic of a bull trend.
The black line at $ 1,476.10 was a pivotal point , and the previous resistance, which now is supposed to work as support. Under this line, the situation starts to get dangerous for Google, and if it loses the 21 ema, would be even worse.
But as long GOOG continues to trade above these points, it will seek the $ 1,520, attracted by the gap.
Now, let’s see the daily chart:
The problem is that Google still must face the 21 ema in the daily chart , and this is the only thing that could ruin the short-term bull trend.
The trend is quite bearish in the mid-term, but at least it is trading above the black line at $ 1,464, which is an important point for the stock. If GOOG loses it, along with the supports in the hourly chart, the target would be a retest of the purple line at $ 1,410.
The situation is not easy to analyze, but these are the scenarios we can work with GOOG now, and if this analysis helped you, please, support it ! And follow me to keep in touch with my daily analyses.
I wish you all the best of luck.
AAPL: Next steps for the stock!Hello traders and investors! Let’s study Apple today!
In the short-term, AAPL is engaged in a bull trend, and right now is doing a time correction , meaning that it is moving sideways, just waiting for the 21 ema to hit the price. This is different from a pullback, which the price hits the 21 ema.
Also, we might have a Breakaway Gap here, but it is too soon to say this. If the black line and 21 ema hold the price, Apple will defeat the green line at $ 115, and the next target for it would be the purple line at $ 118.
On the other hand, if AAPL loses both supports and fills this gap, it won’t be a Breakaway Gap after all, a nd a sharper correction may occur. Let’s look at the daily chart:
Ok, the purple line at $ 118 is still visible, which reinforces our view that it would be a good target in the short/mid-term. But the 21 ema is flat now, and the bias on the chart is quite bearish since the beginning of this month.
If Apple loses its supports in the hourly chart, and fill this gap, nothing will stop it from retesting again the $ 106 zone (black line). What’s more, AAPL tried to perform a bullish pattern in the last few days, but the volume didn’t confirm the trend.
We must see a clear reaction on Apple before jumping into any conclusions, but the green line in the hourly chart is a good start for the stock, if it has any hope of recovering its losses.
These are the most important points to keep in mind on AAPL, and if this idea helped you, please, support it ! And follow me to keep in touch with my daily analyses! I share a few ideas with you all every day, and I’m sure you’ll find something interesting around here.
Have a great day!
