Island Top in play almost exactly similar to January 1994 Platinum. Wait for an inverted Hammer Doji at the end of the downtrend to confirm the reversal. in my opinion, if no manipulation happen this is the healthiest way to break the 8K resistance and the beginning of 12K scenario.
Boeing (BA) have being printing Wyckoff distribution patter for long time followed by an Island Reversal pattern. I believe it is at the beginning of a lengthy down trend.
From the Daily chart we can see a text book Double Bottom pattern emerge just before the breakout and continued uptrend begins. When we take a closer look at the hourly and 30 minute charts we can see two possibly three island reversals which make taking a trade extremely risky when a commodities price could gap down and leave us stranded. This will further...
I'm gonna let this G20 bullish mania settle a bit and see how these indices react to these gap ups before making a move but this looks like a clear cut reversal head and shoulders coming off an island bottom. Looks bullish. Might miss some of the move if it keeps running from here but if it actually ends up being a valid reversal there will be plenty of profit...
Long Island Iced Tea recently changed it's name to Long Blockchain and in the process caused a huge price spike. This move broke previous strong support level around 6 USD. As price returned as sharply as it broke it has now retrace back below the 6 USD level. This could be a strong fake breakout reversion. Potentially this could go to 4 USD and beyond.
Dangerous for all Longers! Until now FX:USDJPY shows no clear direction. This can build an ISLAND TOP. If the market does not rise efficiently there will be a greater pullback. Another candle pattern could be an abandoned baby which also leads to a strong bearish behavior.
APPLE: AAPL Island reversal from the top has still not been filled - so this stock is still vulnerable to sell offs on each rally for now. The entire formation at the high is is a minefield of pin bars. Leave this stock alone until the technical picture improves
A big fat island reversal on the daily chart. It could leave it in the dust and attempt new all-time highs. Or it could chop down and fill that gap. The MACD crossover indicates the former may happen.