NIFTY50 INDEX | ISLAND PATTERN SUCCESSFUL

١٧ ديسمبر ٢٠٢٠

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.

١٨ ديسمبر ٢٠٢٠

ملاحظة

Well we can see that once target reached as per the pattern, a huge sell-off occurred.