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.
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
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
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
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.