I have previously posted this chart on May 11th. click on the charts to enlarge
It brings tears (of gratitude to My Creator), to have my forecast of "a gap down and at higher volume", come true .
Now, as I said earlier, buckle up to go to your banks, with briefcase full of money (while offering your thanks to Our GOD), if you are short.
I, however, require, one and one thing only from you, if you are profiting from my forecasts and market analysis, then please give some money away to help who are under-privileged, in your family, relatives, friends, and community. That's how, you can thank me and more importantly offer your gratitude to The Most Merciful, The Ultimate All-Knower. (Warning: if you don't purify your earnings with charitable contribution, then wait to watch then fly away from you. And if you give to charity, give with pure, sincere, and humble intentions)
Now a Lesson in Trading:
Island Reversal Pattern: The island reversal is a sequence of gaps. In a rising trend, a first gap appears between the previous day's high and the new day's low. The second gap appears on the way down between the previous day's low and the new day's high. The island reversal may be completed in a day or longer and is accompanied by higher volume. When the island includes several trading bas, it is known as ISLAND CLUSTER REVERSAL.
Some examples from history to elaborate the price action that follows through.
Now let's look at current market price action:
