Users: Violet: slopechart_SNAP.jpg

Higher lows and higher highs until there aren't. Have to move to a shorter timeframe if you want to look for a disciplined short entry . . .? 
 
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

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? 
 
8/10/21

Yes, a gap down here below 72 (or whatever the bottom of that range is) would confirm an Island Reversal. 
 
Forgive me. 8/10/21