1. The occurrence of the island reversal pattern is very rare
2. An island reversal can appear at the bottom or at the top
3. It's gap form at almost the same level of price
4. It is well known for a really good indication of a primary or intermediate trend reversal
5. It's appearance indicates an extreme change in the sentiment among traders
6. An increase volume is a signal of an upcoming trend reversal. Give more weight to the reversal signal that is formed under the increasing volume
Reference : patternswizard.com/island-reversal-candlestick-pattern/
2. An island reversal can appear at the bottom or at the top
3. It's gap form at almost the same level of price
4. It is well known for a really good indication of a primary or intermediate trend reversal
5. It's appearance indicates an extreme change in the sentiment among traders
6. An increase volume is a signal of an upcoming trend reversal. Give more weight to the reversal signal that is formed under the increasing volume
Reference : patternswizard.com/island-reversal-candlestick-pattern/
Note
Bought 820C (Expires 17/9) at 13/7 @ 2:30, cut loss at 14/7 @ 3:30 (-$504 @ 9%). It wipe off my gain I got on Monday from trading NVDA and AAPL. I'm left with $35 nett. I'm still happy :-)
Lesson
1. Do not trade before any 3 stars news (FOMC, PPI, Powell)
Note
Lesson2. Close any position even though it's only small gain/loss before any 3 stars news
3. In this case 13/7 @ 3:30 since at that time I'm already in green
4. Must learn to buy put
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.
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.