Island Reversal Possibly happening on JIOFIN daily chart

today's (4th Sep 23) gap up on this scrip has made an island reversal pattern (gap on both sides unfilled from 245.15 to 248.90) if this gap does not get filled in the near term. Based on FIBO retracement levels of 298 & 357 have opened up since it has crossed the previous high of 262 made on the listing day. Of course these levels may not come immediately and one has to tread with caution if stock does not settle above 262.....

Trade closed manually:

Island reversal view failed as price entered the gap area from above on 12th Sep 23.