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zek_khamzah
Sep 28, 2020 1:42 PM

28/9/2020 LCTITAN - Possible island reversal pattern 

LOTTE CHEMICAL TITAN HOLDING BERHADMYX

Description

Scenario 1 : If candle tomorrow open above gap and close above gap with high volume, island reversal pattern is completed and price will fly high.
(This is a rare and strong signal)

Scenario 2
The gap will be filled first before price continue climbing

Scenario 3
If candle tomorrow open below gap and close below gap with high volume, reversal candle pattern will be formed and the price will likely going down.

Trade active

Island reversal pattern is valid. The pattern is invalid when the candle filled the gap.
Next TP 2.2

Trade active

TP1 2.2 achieved.
Pull back down to 2.085-2.15 range might take in place before price continue climbing up

Trade closed: target reached

Target reached golden ratio 1.618 (2.55). Faster than I thought and some more without pullback.

Comment

Still in play. Waiting for correction for reentry
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