Island Reversal Top in NASDAQ100
What Is an Island Reversal?
An island reversal is a price pattern on bar charts or candlestick charts that, on a daily chart, features a grouping of days separated on either side by gaps in the price action. This pattern suggests that prices may reverse whatever trend they are currently exhibiting, whether from upward to downward or from downward to upward. (Investopedia)
Since this price pattern makes symmetrical chart patterns, I expect to test the previous low in the next 4-5 weeks!
Best,
An island reversal is a price pattern on bar charts or candlestick charts that, on a daily chart, features a grouping of days separated on either side by gaps in the price action. This pattern suggests that prices may reverse whatever trend they are currently exhibiting, whether from upward to downward or from downward to upward. (Investopedia)
Since this price pattern makes symmetrical chart patterns, I expect to test the previous low in the next 4-5 weeks!
Best,
Note
First target reached..! twitter.com/Moshkelgosha_M/status/1566151430020337664?s=20&t=uDi1TQN0WSbjjeTvznboOATrade active
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Use the following link to access trading ideas: patreon.com/SniperTraderStocks?utm_medium=unknown&utm_source=join_link&utm_campaign=creatorshare_creator&utm_content=copyLink
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.