ISLAND REVERSAL PATTERN formed on Daily time frame in the security.

The Security open Gapped up Closed Gapped Up forming Alone Candle, Second Day the Security open below the previous low and close below the previous low forming Gapped Down.

Island Reversal is a short term Reversal Pattern, expecting the security to trade low near 355levels.

The Security is trading near the EMA, price closing below the EMA would be an add on confirmation on sell side.RSI is following the price.

Advice : Sell if price closes below the EMA

ISLAND REVERSAL PATTERN

Feb 07 2023