Completely meaningless within a consolidation pattern. Your post is inaccurate and irrelevant.
Besides, it is not an island reversal. There is no island pattern.
Yours is an absurd post.
p_47 is also assessed this accurately.
How dare you refer to my insightful post as absurd. You and p_diddly have both failed to notice that we are dealing with a whipsaw island reversal which renders your analysis worthless. You forgot to pay attention to the action immediately preceding the island, i.e. Wednesday, and its semi-complex whipsaw formation leading to the island. Mistakes like this are almost unforgivable and yet I do forgive you because I am here to serve mankind.
Learn me , fielding I see what you talk about but can expand upon your answer. Is the trend before this pattern a downtrend? Or the few months before an uptrend? Which length of time would one use? Please don't bash me those that replied to this guys statement. I'm long with cuts across my four fingers by knife, let's learn here.