Look out below. So fragile now. Anything will break it IMO. Can it still get a lower high? Ofc. Who knows, bad place to be long IMO. Indicators all stuck in the middle, anyone's guess for Friday. Should it gap down and leave an island top, would be game over.
F5, Inc. is an American company that specializes in application delivery networking, multi-cloud management, application security, and online fraud prevention. This stock has a really good relative strength against its sector, the quotient with AMEX:IGN confirms that. Recent price action shows an island reversal pattern, downward and upward gaps around $200 and...
Hello traders and investors! Let’s see how NIO is doing today! Since our last analysis, NIO dropped sharply, frustrating the bullish bias seen in the short-term. However, the drop was perfectly controlled, as the price just found its support again, at the black line around $ 36.68. Now the challenge is to climb all the way back to the $ 40.59 and fill the...
The SPDR Select energy sector ETF (XLE) is gapping up to kick off the week and creating a 2-bar bullish island reversal at prior support and with bullish momentum divergence. This could be exactly what the bulls needed to kick this prior leader back into gear. No position personally, but looks good for at least short-term continuation.
Hello traders and investors! Let’s see how TSLA is doing today! Yes, TSLA retested its Fibonacci’s Retracements , and now it is trying to do a reaction. The $ 695 seems to be a pivot point , which might make TSLA fly again, but it wasn’t triggered yet. The Island Reversal chart pattern is still valid, and this is another thing that reinforces the bullish...
The Nasdaq 100 did an island reversal in the 30m chart, but it is at a support level again.The triple bottom and strong RSI divergence still persists. We have no buy sign yet, but if it does, it will be a good one. In the 4h chart, Nasdaq hit again the 13,716 and it dropped to the next support level. The next hours will be decisive for the index, and if we see...
Hello traders and investors! Yes, it seems all the patterns we discussed in our last study worked quite well, even better than I expected. Let’s see what’s next for AAPL. First, in the 1h chart the Island Reversal pattern, which we talked about last week, worked wonders, and AAPL finally defeated the resistance at $ 124, breaking free from the congestion . And...
Hello traders and investors! Let’s see how AAPL is doing today! First, it is inside a boring and annoying congestion , moving erratically without clear direction. But we have the $ 119.05 area to use as a guide, because it seems this is a nice support level for the short/mid-term. Recently, AAPL did an Island Reversal chart pattern near this support level,...
Hello traders and investors! Let’s talk about GE again! As we discussed in our last study, GE reacted quickly and denied the bearish pattern seen in the hourly chart of an Island Reversal , and it filled its gap. As usual, we have some congestion now, but only after it stressed the 21 ema in the daily chart. Also, if you missed my previous analysis on GE, the...
Hello traders and investors! Let’s talk about GE today! It is my first analysis about it, and I hope it helps! First, in the 1h chart we see that it is trading slightly under the black line at $ 13.27 , which is a Key Point, as it worked as support and resistance alike, in the recent past. If GE loses this point for good, we can expect a sharper pullback in the...
Hello traders and investors! Let’s talk about PTR today! We have multiple technical points to discuss here. First, in the 1h chart we have a classic Inverted Head and Shoulders chart pattern, which is usually a reversal sign. The Pivot Point is at $ 30.18. Now, it is doing a pullback to the 21 ema, and we’ll see how it’ll behave from now on. What’s more, we...
Appears to be in an island reversal. Watching for a breakaway gap from the box. Additionally, it appears the top of the box is a key level of previous support and resistance ($22.90 ish), with swing lows getting higher. My entry will be a gap up from this level with significant volume or after the break of resistance with a pullback to the $22.90 level confirming...
Hello traders and investors! Let’s study PLTR today! Ok, PLTR resumed the bull trend, as we expected it would in my last analysis, but today is doing another pullback . This is a natural movement, and PLTR could hit the 21 ema and this wouldn’t ruin the bull trend. In my last analysis (the link to it is below, if you missed) we discussed the several patterns...
Hello traders and investors! Let’s do a complete Multi Time Frame Analysis on Palantir today! Yes, PLTR defeated its first challenge in order to reverse the bearish momentum seen in the hourly chart: It defeated the purple trendline we discussed yesterday. Now, there are still some challenges, and we’ll talk about them here. And if you missed my previous...
Hello traders and investors! Let’s study PLTR again today, as we have some interesting movements going on. First, it lost the pink line that we discussed in my last analysis, so the short-term bear trend persists, but I wasn’t convinced that this would reverse the bull trend seen in the daily chart. Palantir still must defeat the purple trendline and the 21...
Lots to process here. Head and Shoulders, Gap ups, Island reversals
Hi Everybody, I hope you have not lost a lot due to BITMEX and Donald Trump COVID contraction. We will review briefly what is known as Island Reversal pattern on BTCUSDT 1D chart. 1. We can easily identify an Island Reversal at the end of maybe one-year BTCUSDT trendline. 2. The pattern occurs when two different gaps isolate a cluster of trading days or even...
1H bearish island reversal in preparation in SPX? Definition: www.investopedia.com