I am trying to figure out if we have a Hikkaki candlestick setup in gold and possibly the SPX. It doesn’t look quite right but not far off.

Also, looking at gold’s action since mid-2016, the whole set of price action from $1310 to 1380 over the past few months looks like an island top and probably would have been if the trading wasn’t close to 24 hours a day from Monday to Friday. Bulkowski says that island reversals aren’t that reliable anyway so I am not going to pursue that one further, just look at the bigger picture.

http://www.tradingsetupsreview.com/hikkake/

I am getting candle mad. I don’t think we actually have this set up. Looking at all the examples online, a lot of these candle patterns seem a bit open to interpretation.