The high and low that needs be taken out in order to validate, or not, an island reversal, are marked.
If price gaps down to validate a reversal, that would indeed be your lower low.
What was your question?
Browse Symbol Stacks: SNAP: slopechart_SNAP.jpg
slopechart_SNAP.jpg
SNAP pressed between resistance from 2017 IPO and support of Mar 2020 uptrend. Now an island cluster that could prove to be a reversal.
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And there's those damned log charts. Would love to see TK make the Fib calcs change to log for log charts. Apples to apples, and all that . . . eh? 8/10/21