Abbreviation:
Category: Chart Pattern Identification
Input Parameters:
| Name | Range | Default |
| High Price | High | |
| Low Price | Low | |
Calculation:
If (High Price 2 periods ago < Low Price 1 period ago) and (Low Price 1 period ago > current High Price) then 1
Otherwise 0
Discussion:
Indicates the potential for an upturn in the market. Conceptually, the Bearish Island Reversal can be thought of as a pivot point top that requires the presence of a price gap. See Pivot Point: Top Flag for more details about pivot points.