Google appears to be setting up an "Island Gap Reversal Pattern" ๐๏ธ
Characteristics of an Island Gap:
1. A lengthy trend leading into the pattern. โ
2. An initial price gap. โ
3. A cluster of price periods that tend to trade within a definable range. โ
4. A pattern of increased volume near the gaps and during the island. โ
5. A final gap which establishes the island of prices isolated from the preceding trend. โ
Target: 105-108 ๐ฑ๐ฑ
Characteristics of an Island Gap:
1. A lengthy trend leading into the pattern. โ
2. An initial price gap. โ
3. A cluster of price periods that tend to trade within a definable range. โ
4. A pattern of increased volume near the gaps and during the island. โ
5. A final gap which establishes the island of prices isolated from the preceding trend. โ
Target: 105-108 ๐ฑ๐ฑ