JOYG Joy Global Daily Chart Potential H&S Island Reversal

JOYG Joy Global daily chart showing the island top starting in mid-December. Should be a bounce between here and 85 support and come up to create a right shoulder. This move would also serve to close the two gaps above and clear the way for extended downside. 84-85 would be the neckline of a potential H&S and it would target that 70 support area.

When or if the 85 neckline fails, the island reversal may occur and drop price thru a trap door to an 81 and lower print in a heartbeat. The 82.5 gap will want filled as well so one potential outcome is a right shoulder now to 95-ish, then down to 85 neckline, drop down for the island reversal to sub 81 prints, then come back up to close the 82.5 gap, and then extended sideways to sideways down bias for the weeks and months ahead, perhaps a test of the 70 zone in mid to late summer. This information is for educational and entertainment purposes only. Do not invest based on anything you read or view here or any links connected to this information. Consult your finanical advisor before making any investment decision.