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.
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