Island Reversal candlestick pattern

Dec 21, 2021

Dow has created Island reversal Candle stick pattern on its daily charts. This pattern suggest that the down trend will continue and bulls are trapped. As mentioned in the previous tutorials, 34100 is extremely crucial level for Dow. Closing below this may form a head and shoulder trend reversal pattern which will be much more worse than this pattern.

Closing above 35250 will make this pattern void.