Per Bulkowski:
Important Bull Market Results for Island Reversals
Overall performance rank for up/down breakouts (1 is best): Not ranked
Break even failure rate for up/down breakouts: 31%; 32%
Average rise/decline: 32%; 13%
Throwback/pullback rate: 54%; 55%
Percentage meeting price target for up/down breakouts: 79%; 60%
32% up would get us close to 20
Important Bull Market Results for Island Reversals
Overall performance rank for up/down breakouts (1 is best): Not ranked
Break even failure rate for up/down breakouts: 31%; 32%
Average rise/decline: 32%; 13%
Throwback/pullback rate: 54%; 55%
Percentage meeting price target for up/down breakouts: 79%; 60%
32% up would get us close to 20