When GPN reported better than expected earning on 2nd Oct, the price shot up from channel bottom to channel top within three bars. On the fourth bar, a partial bearish abandone baby was formed.
Now because of the recent oversold condition, buyer became so aggressive that GPN gapped up last night and finished at a DOJI. If the price tonight a down bar, then it would be considered abandoned twice at channel top.
If the price stays up above the gap for few more days before collapse, it would be considered top island reversal pattern, considering the MACD & RSI are getting weaker.
Now because of the recent oversold condition, buyer became so aggressive that GPN gapped up last night and finished at a DOJI. If the price tonight a down bar, then it would be considered abandoned twice at channel top.
If the price stays up above the gap for few more days before collapse, it would be considered top island reversal pattern, considering the MACD & RSI are getting weaker.