When a candlestick drifts away from an established downtrend, gaps down, and then gaps back up into an uptrend, it becomes an island—a Bullish Island Reversal, to be exact. The further the candlestick drifts, the stronger the pattern’s implications. Although these islands aren’t very common, they are interesting and important nevertheless. In fact, the insight they provide could be pivotal as you decide your next trading move. To help you get started on your quest to find an Island Reversal, today we’re discussing the formation and meaning of the bullish variety.
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Rick’s Featured Trade Ideas
ATHM/Long (Internet content) The ATHM chart, a September bottom followed by a bullish gap that ran price over the 50-day simple moving average creating a (RBB) Rounded Bottom Breakout.
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I will be covering more on the Featured Trade Idea (entry, stop, targets) in the trading room at 9:10 AM EDT today.
ATHM/ Profits through education Oct. 13
Possible entry plan idea: Buy box $ See membership options
Possible stop plan idea: Stop below $
Risk Reward 9:1 depending on entry/exit/stop
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JOE/ members trade idea Oct 25, up 22% (Profit trader yesterday?)
GPN/ members trade idea July 27, up 28% (Raise stop or Close for Profits)
UA/ members trade idea Aug. 19, up 41% (Raise stop or Close for Profits)
WG/ members trade idea Oct. 5 up 95% (Time to take your profits)
SWC/ members trade idea Aug. 20, up 22% (Protect profits)
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Rick’s Featured Trade Ideas
CDE/Long (Basic Materials Silver) The CDE chart is building a Flag PBO, while still in the construction area CDE looks poised to start a bullish move. Nearing a RBB pattern. With a 9:1 risk reward CDE has terrific potential.
Education builds confidence for success!
I will be covering more on the Featured Trade Idea (entry, stop, targets) in the trading room at 9:10 AM EDT today.
CDE/ Profits through education Oct. 12
Possible entry plan idea: Buy box $
Possible stop plan idea: Stop below $
Risk Reward 9:1 depending on entry/exit/Stop
This is the place you ought to be!
GPN/ members trade idea July 27, up 27% (Watch for profit taking)
UA/ members trade idea Aug. 19, up 41% (Raise stop)
WG/ members trade idea Oct. 5 up 95% (Time to take your profits)
SWC/ members trade idea Aug. 20, up 22% (May want to consolidate near the 200sma
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Rick’s Featured Trade Ideas
TDW/Long (Broadcasting) In the TDW chart, A bullish cradle pattern created a 3 bar rally. The last 2 days are building a flag with yesterday printing a Hammer with heathly low. A RBB as a bonus.
Education builds confidence for success!
I will be covering more on the Featured Trade Idea (entry, stop, targets) in the trading room at 9:10 AM EDT today.
TDW/ Profits through education Oct. 9
Possible entry plan idea: Buy box $Members Only
Possible stop plan idea: Stop below $
Risk Reward 5:1 depending on entry/exit/Stop
This is the place you ought to be!
TROX/ members trade idea Oct 6, up 42%
SN/ members trade idea 3 days, up 21%
WG/ members trade idea 3 days, up 42%
DANG/ members trade idea 4 days, up 42%
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