The Island Reversal pattern is when increased distributions in overnight activity cause gaps up and eventually volume exhaustion a second gap down forming an island of candles.
The Island Reversal can be Bullish (inverted island) or a Bearish Island and is preceded by lengthy trends with a reversal trend the other way.
No real profit targets for the island reversal. I would just use the island as a head as it seems to fit the profile of a head and shoulders pattern or double top / bottom.
Island Reversals are not common and traders are mixed on the results.
Credit to Vixtine for island reversal.
The Island Reversal can be Bullish (inverted island) or a Bearish Island and is preceded by lengthy trends with a reversal trend the other way.
No real profit targets for the island reversal. I would just use the island as a head as it seems to fit the profile of a head and shoulders pattern or double top / bottom.
Island Reversals are not common and traders are mixed on the results.
Credit to Vixtine for island reversal.
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Maklumat dan penerbitan adalah tidak bertujuan, dan tidak membentuk, nasihat atau cadangan kewangan, pelaburan, dagangan atau jenis lain yang diberikan atau disahkan oleh TradingView. Baca lebih dalam Terma Penggunaan.
Penerbitan berkaitan
Penafian
Maklumat dan penerbitan adalah tidak bertujuan, dan tidak membentuk, nasihat atau cadangan kewangan, pelaburan, dagangan atau jenis lain yang diberikan atau disahkan oleh TradingView. Baca lebih dalam Terma Penggunaan.