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.
관련 발행물
면책사항
해당 정보와 게시물은 금융, 투자, 트레이딩 또는 기타 유형의 조언이나 권장 사항으로 간주되지 않으며, 트레이딩뷰에서 제공하거나 보증하는 것이 아닙니다. 자세한 내용은 이용 약관을 참조하세요.
면책사항
해당 정보와 게시물은 금융, 투자, 트레이딩 또는 기타 유형의 조언이나 권장 사항으로 간주되지 않으며, 트레이딩뷰에서 제공하거나 보증하는 것이 아닙니다. 자세한 내용은 이용 약관을 참조하세요.