Island Gap reversal is one of my favorite trade setups. Which we talked about it numerous times in our blog with live examples. Following are some of the trade setups and tutorials.
In theory, island gap reversals are nothing but a gap closed by another gap. No volume occurs in this zone. This zone is a high probability short term zone. At times it gives trading opportunities and at times it even provides investing odds as well where the destination target is always the filling of the gap.