#TSLA - TESLA found the lost island - Time for correction to 180
Hello Traders,
#TSLA - Tesla found the lost island
1 or 2 ?
What do you think, let me know on the comments.
Either way, there is a 90% of chance that it will correct,
so if anyone is trading this, be careful and you should be,
at least, taking profits from your trade.
As you can see at the bottom of the chart - CMF - chain money flow is making a downtrend, and that means whales are slowly taking profits. Whales cannot sell it all at once, as retail does, so they need to proceed that way.
Good luck and Good profits
MW
#TSLA - Tesla found the lost island
1 or 2 ?
What do you think, let me know on the comments.
Either way, there is a 90% of chance that it will correct,
so if anyone is trading this, be careful and you should be,
at least, taking profits from your trade.
As you can see at the bottom of the chart - CMF - chain money flow is making a downtrend, and that means whales are slowly taking profits. Whales cannot sell it all at once, as retail does, so they need to proceed that way.
Good luck and Good profits
MW
Comment:
What do we need to see to confirm the Island Chart Pattern? Let me know in the comments?
Trade active:
Today, a daily candle was closed
as an inverse hammer on the top of the island
that is another caracteristic of the island.
Let´s keep checking for more confirmation.
as an inverse hammer on the top of the island
that is another caracteristic of the island.
Let´s keep checking for more confirmation.
Trade active:
#VIX - volatility index
Huge Volume incoming and making a trend.
I trend continues will hit hard on US Stocks, and will be the end of the line and the end of FOMO breath, because that is when Intitutional Investors (whales) start the heavy unload.
Good luck and Good Profit
Huge Volume incoming and making a trend.
I trend continues will hit hard on US Stocks, and will be the end of the line and the end of FOMO breath, because that is when Intitutional Investors (whales) start the heavy unload.
Good luck and Good Profit
Trade active:
We have a floor and lost it,
now the trend is down
target:
now the trend is down
target:
Also, we will never have a 100% perfect prediction situation and that is another difficult part of the job, to deal with it and make sure we are safe, even if the market chooses the opposite direction from the one we chose.
Chart patterns can help us find the most probable situation, and the Lost Island reversal pattern is a candlestick pattern in stock trading that helps traders to predict future price direction.
This pattern indicates a possible reversal of a prevailing trend.
The pattern is usually formed after a quick reaction or rally and is separated from the previous move by an exhaustion gap, and from the move in the opposite direction that follows a breakaway gap.
This results in isolated data points that are separated by gaps, hence the name island pattern. The exhaustion and breakaway gaps usually occur at about the same level.