These big green today’s candles after a down gap has something in common:
A: They are green but most of them closed below yesterday’s low! Which makes them a pseudo Green!
B: Most of them barely fill the gap, and close below their support level!
C: None of them cross the downtrend line in hourly chart!
D: While price went up volume did not during today’s trading session!
IMO: Today’s gaps were clearly filled by irrational exuberance behavior of retail investor.
Apple hourly chart:
Microsoft hourly chart:
Amazon hourly chart:
Google hourly chart:
Facebook hourly chart:
Tesla hourly chart:
Conclusion: price movements will be continued in direction of the Gap in the coming days.
A: They are green but most of them closed below yesterday’s low! Which makes them a pseudo Green!
B: Most of them barely fill the gap, and close below their support level!
C: None of them cross the downtrend line in hourly chart!
D: While price went up volume did not during today’s trading session!
IMO: Today’s gaps were clearly filled by irrational exuberance behavior of retail investor.
Apple hourly chart:
Microsoft hourly chart:
Amazon hourly chart:
Google hourly chart:
Facebook hourly chart:
Tesla hourly chart:
Conclusion: price movements will be continued in direction of the Gap in the coming days.
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Use the following link to access trading ideas: patreon.com/SniperTraderStocks?utm_medium=unknown&utm_source=join_link&utm_campaign=creatorshare_creator&utm_content=copyLink
Declinazione di responsabilità
Le informazioni ed i contenuti pubblicati non costituiscono in alcun modo una sollecitazione ad investire o ad operare nei mercati finanziari. Non sono inoltre fornite o supportate da TradingView. Maggiori dettagli nelle Condizioni d'uso.