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!!
Boring consolidation. I'm still waiting for a move here on TSLA. Any gap down with momentum could create a beautiful island. Bulls MUST defend 187.7 DOL line or else. Oscillator supports bulls with momentum rising. As long as we can stay above the DOL line I am neutral-to-bullish. Still hopeful my long term short will play out into the 140 zone.
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...
***Warning Monday Jan 2nd (Market is Closed) - Q4 EV Deliveries - good report then TSLA will complete H&S pattern and continue Bullish Island Gap Reversal Positive: `TSLA is Very Oversold, we could see a continuation of this bounce up too 150-180 if production release is great on Monday. -Bullish Chart patterns show inverse H&S pattern created by Island Gap...
Hello and welcome to this analysis In the month of December 2022, Govt announced divestment which lead to gap down openings on the consecutive days. the 2nd gap down activated a Bearish Island Reversal. From 600 it appears to have completed a Dead Cat Bounce and now could continue its downtrend. It has resistance at 650 while support comes in at 610 and below...
Rejected daily 200MA and have an island reversal at $260 areas
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)
Hello and welcome to this analysis BIOCON which has been in a downtrend for a very long time now has given a mega reversal signal via an ABANDONED BABY BOTTOM Abandoned Baby Bottom reversal are similar to Island Reversals, where the isolated candle is formed with a gap down preceding it and a gap up succeeding it. This could now rally till 320-340 where it...
The previous Ascending Triangle Pattern was bang on target. The triangles base support is now the Resistance. The price has no Trend. Zoom Out to find bigger patterns or trends. Short squeezed, a lot of stocks opened on an island. After rejecting 200 MA tech is sitting perched with only a gap down or up. Inflation and rising Energy costs are...
Dollar General is a huge discount retailer that plans to get even bigger. After a nasty island reversal in May, NYSE:DG has recover very well. This tight action in price has caught my eye and today is making an inside bar with pivot buy at $256.10. You can even say that is forming a cup & handle. The bad thing is that it publishes earnings next week so,...
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...
Hello & welcome to this analysis on the small cap index CNX Small Cap Index activated a Bullish Harmonic Deep Crab on 24th Feb at 9350. From there it has now move all the way 10900 and on its way created 4 gap ups which is usually the sign of a strong trend (typical of Elliott Wave 3) What is most interesting is on 4th April it activated a Bullish Island Reversal...
After the big fall since October 2020, the stock could have found a bottom at 73.17, as evidenced by the island reversal candlestick pattern, that was confirmed by an increase in volume with the second gap. Go long with a stop below the 73.17 low for a rebound towards at least 130.00/140.00
Two bearish patterns in SPX: Head & Shoulders followed by an invalidated bullish island reversal... 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 timeframes. Our...
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 timeframes. Our counts are not drawn subjectively but backed by solid algo trading evidence. We also answer all...
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...