TeslaShort
Gaps were filled, but not a good sign..!
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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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
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
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.