Ways to Trade the Island Reversal Pattern 🏯

Описание: Ways to Trade the Island Reversal Pattern. PLEASE LIKE AND SHARE THIS VIDEO SO WE CAN DO MORE! http://www.financial-spread-betting.c... Island Reversal is different to the Abandoned Baby chart pattern even if it has some similar characteristics. We'll looking at daily timeframes and weekly timeframes and not trading this on fx pairs; only on things that can gap. Yes fx can gap but its rare; this happens more frequently on stocks. The setup is this. You have a gap in one direction that causes a gap in price. Then you have multiple days of trade in that area of price and then a few days later it gaps back in the direction it came from and leaves an island of price. That's different to an abandoned baby which is one day of price. The island reversal chart pattern is arguably more powerful as you have more people engaged in believing this is the new price level for the stock and then the price rips off the other way. How do you trade the island reversal pattern? OK.

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