Island reversal pattern forming for Home Depot NYSE:HD ? Started in Feb 22 almost a year ago after earnings report. If it completes, exceeding 339, then it will be a bullish reversal and 400-420 will be in play. So for next earnings it's possible that price will gap higher. Still watching though. This is not advice. Do your own research and trade your own plan!!
I've been tracking a TSLA long term short from a prior idea and was greedy expecting price to trace back to 150 levels. With the bearish nature of the past couple day's moves, a gap down creating an island is just what the doctor ordered for TSLA to continue its downward path. TLDR Open gap down I’m super bearish. Continue to range in this 190+ zone I will...
Like in MSFT, SPX posted a bearish island reversal on Friday. Bearish for risk assets. An island reversal is a price pattern on bar charts or candlestick charts that, on a daily chart, features a grouping of days separated on either side by gaps in the price action. This price pattern suggests that prices may reverse whatever trend they are currently exhibiting,...
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1) I believe that the bullish wedge pattern (June-August) is still valid with the price target of 88. 2) Island Pattern, which is reversal and bullish. 3) Price to book ratio: 0.32 4) Insiders are buying the stock at these levels. 1st target: 88 2nd target: 104.85 (gap)
Potential bearish island reversal on the daily TF (official in 6h). Bearish signal if it is confirmed. Please like and share if you appreciate this market update. We are algorithmic traders and certified Elliotticians. We publish Elliott Wave and algo technical analysis on a daily basis for indices, stocks, cryptos, commodities, VIX, DXY, in weekly, daily and...
TSTW. Not legal and financial advice; Any information provided here is only the personal opinion of the author.
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As expected, we got our bullish island reversal in SPX! If you don’t know what an island reversal is, check this: www.investopedia.com Please like and share if you appreciate this market update. We are algorithmic traders and certified Elliotticians. We publish Elliott Wave counts for indices, stocks, cryptos, commodities, VIX, DXY, in weekly, daily and 4-hour...
High timeframe so this could take several months to even get back to the gap fill but very nice high RR on this if it comes to daddy. Classic bearish island top into potential H&S as per Edwards/Magee.
I have an indicator that is the Martin Island Sunset and I Believe they are using the 450 day moving average that is pictured by the colored blue MA. I have a hunch that with all the fud we have been seeing in news and all the lies by banking executives calling for lower btc prices, we could see a final capitulation price of $25,000 for btc. After we achieve this...
First time I've noticed an island bottom in the middle of an uptrend. Looks bullish to me.
1H bearish island reversal in preparation in SPX? Definition: www.investopedia.com
1 in 10 people fly with this Airlines? (in the USA 35/330 million?) In a lot of ways this airlines "alaska" is the future of the "middle class" airlines? At first I was very impressed by the statistics for Alaska Airlines wikipedia page. But then I realized that whats important is where someone flys to now how many people. It seems that Alaska's general...
It seems like a good annual report triggered hype around Tesla. The chart forms island reversal with 3 price gaps. I will wait for movement start cause I don't know for how long it continues but volume started decreasing.
Bloom has been on a massive / fast paced run since October, however a clear downtrend is still present, and the success (breaking the downtrend) or failure of this bull flag, will determine if the stock rises or falls. An island top is also present with a clear price gap.
Ubisoft has been stuck in a downtrend for awhile now, an initial island can be observed and linked to the current downfall of this stock. Currently the price is trading within a downtrend, where a second island bottom is present, which may lead to a reversal at the immediate support zone. Overall the bearish momentum, outweighs the possible bullish factors.