So far over the last year the chart pattern with the most predictive power has been the Island Reversal. What that means is you find a large sell off to new lows followed by an opening higher than the highs of the previous day and a rally from there. Check the blue boxes. I know I've said that charts have become meaningless in a market that is fully manipulated by the traders at the big banks. But still.... We're getting an island reversal today.
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