Island Bottom Reversal

2021-08-26

Island Bottom Reversal
-The occurrence of an island reversal is rather rare
-Usually happens at the end of a sustained bear market
-It is an extremely good indicator of a reversal of primary or intermediate trend
-As soon as it appears, it indicates that an extreme change in the sentiment has occurred
-High volume is expected in that compact trading area
$Alibaba(BABA)$

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