Island Reversal are powerful reversal signals so as a swing trader I'm always searching these out and/or watching them form.
The most powerful Island Reversals generally occur around some sort of news event (or sometimes prior to a news event if Wall Street is in the "know") and typically leads to fairly violent initial move to the upside or downside.
What is important about the "strongest" of these reversals is that the "white space" will remain for some time and/or never clears!
Below is the chart of SPX prior to the Covid vaccine approval announcement:
Who can forget the Mother of all Islands!
JPM-
TSLA-
What are some of your favorite Island Reversals?
The most powerful Island Reversals generally occur around some sort of news event (or sometimes prior to a news event if Wall Street is in the "know") and typically leads to fairly violent initial move to the upside or downside.
What is important about the "strongest" of these reversals is that the "white space" will remain for some time and/or never clears!
Below is the chart of SPX prior to the Covid vaccine approval announcement:
Who can forget the Mother of all Islands!
JPM-
TSLA-
What are some of your favorite Island Reversals?
註釋
Truly the best reversals are when you can look at a chart after the fact and see a "clear island"-like the Mother of all Islands above on SPX or the JPM example! Hence why I don't believe our current Island Reversal on SPX is going to be classified as the Mother of all Reversals...the gaps just aren't big enough IMO.
免責聲明
這些資訊和出版物並非旨在提供，也不構成TradingView提供或認可的任何形式的財務、投資、交易或其他類型的建議或推薦。請閱讀使用條款以了解更多資訊。