Island top

Island Top Short-term Pattern
Implication
Top Island is a bearish signal indicating a possible reversal of the current uptrend downtrend new. This scheme is an indication of short-term prospects of financial instrument.

An Island Top is a bearish signal indicating a possible reversal of the current uptrend to a new downtrend. This pattern is an indication of a financial instrument's SHORT-TERM outlook.
top
Description ...

Notice how the stock moved significantly higher into point G where it set up an island top candlestick reversal with gigantic volume. This was the beginning of the end for this stock and these levels were never seen again.

See also: Island, Signal, Trading, Short, Confirmed