TSM previously gapped up from the $76 level to the $81 level. It just filled it's gapped back down to the $76 level. Now that it has filled its gap, i'm expecting a reversal back up to the 81 range. After most gaps fill 100% they reverse to the next closest level of support/resistance, in this case its the 81 level.
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.
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.