Island
Strong false breakout on Long Island Iced Tea/Long BlockchainLong 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.
USDJPY Uncertain MovementDangerous 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 top still unfilled = vulnerableAPPLE: 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
I SPY an Island Reversal on the daily chartA 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.
