NIFTY50 INDEX | ISLAND PATTERN SUCCESSFUL
Updated
The day after GAP 1 is Day 1.
Day 5 should have gapped Up but did not GAP UP due to the penetration of Day 3 into Day 2 level. This occurrence lead to delay in pattern follow up.
Worked out to be a great trade.
Day 5 should have gapped Up but did not GAP UP due to the penetration of Day 3 into Day 2 level. This occurrence lead to delay in pattern follow up.
Worked out to be a great trade.
Note
Well we can see that once target reached as per the pattern, a huge sell-off occurred.
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.