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  1. YLJ
    819 Posts.
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    I'll be more than happy if your price scenario works out but I sure hope we don't see an
    Island reversal.

    An Island Reversal Pattern is one of the most reliable chart patterns and quite rare.
    The problem is that when it occurs at the top of a rise it is bearish. It is when the price gaps
    up and then gaps back down. The opposite is true after a downtrend when it is bullish.
    If it were to just make one gap up tomorrow it would be a regular "continuation gap".

    The last one I recall seeing on the ASX was on SLC in mid May 2019
    https://hotcopper.com.au/data/attachments/2600/2600643-b99c53b114dfab5324fbdb8b9b36d4a2.jpg

    All the best


 
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