Island Reversal ... All Indicies ... 4/21/20

Discussion in 'Technical Analysis' started by Spooz Top 2, Apr 21, 2020.

  1. easymon1

    easymon1

     
    #11     Apr 21, 2020
  2. maxinger

    maxinger

    Textbook Island Reversal

    or

    Textbook Island Continuation ?
     
    #12     Apr 21, 2020
  3. speedo

    speedo

    Some setups work and some don''t....even the pretty ones.
     
    #13     Apr 21, 2020
    Pekelo likes this.
  4. Pekelo

    Pekelo

    Hey Spooz, futures are up 40 points. If we don't close this upgap, we will have an Island Reversal indicating a RALLY!

    Now to add value, I think we will have a hard time to pass 2780 (SMA on daily), and that is a good place to go short down to 2600.
     
    #14     Apr 22, 2020
  5. Spooz Top 2

    Spooz Top 2

    Hey Pek, Do you really still think that trading is about making predictions? This is a game of observation.. plain & simple... patiently hunting & waiting for the best RR scenario to present itself... The reason you don`t comprehend this, is because you don`t do it but yet seem to have all of the answers for us!

    Why can`t you answer my question.... This is my 3rd time asking you.... on a serious note;

    "Have you considered funding an account yet & trading your opinion? ... It`s a different world when one has real Scarole on the line.. !" If not, what is holding you back?
     
    #15     Apr 22, 2020
  6. Pekelo

    Pekelo

    We didn't, thus we have the 3rd Island Reversal in 7 trading days. The first 2 failed to make a sell off, so according to the law of large numbers this should make a rally. Right Spooz?
     
    #16     Apr 23, 2020