#Java 10, 94 bytes

a->{var r=0>1;for(int j=a.length-1,i;j-->0;)for(i=0;i<j;)r|=a[j]>a[i]&a[j+1]<a[i++];return!r;}

Port of @tsh' JavaScript answer.

Try it online.

Explanation:

a->{                      // Method with integer-array parameter and boolean return-type
  var r=0>1;              //  Result-boolean, starting at false
  for(int j=a.length-1,i;j-->0;)
                          //  Loop `j` in the range (length-1, 0]:
    for(i=0;i<j;)         //   Inner loop `i` in the range [0, j):
      r|=                 //    If any are true, change the result to true as well:
         a[j]>a[i]        //     The `j`'th item is larger than the `i`'th item
         &a[j+1]<a[i++];  //     And the `j+1`'th item is smaller than the `i`'th item
  return!r;}              //  After the nested loop, check if the boolean is still false

Java 10, 94 bytes

a->{var r=0>1;for(int j=a.length-1,i;j-->0;)for(i=0;i<j;)r|=a[j]>a[i]&a[j+1]<a[i++];return!r;}

Port of @tsh' JavaScript answer.

Try it online.

Explanation:

a->{                      // Method with integer-array parameter and boolean return-type
  var r=0>1;              //  Result-boolean, starting at false
  for(int j=a.length-1,i;j-->0;)
                          //  Loop `j` in the range (length-1, 0]:
    for(i=0;i<j;)         //   Inner loop `i` in the range [0, j):
      r|=                 //    If any are true, change the result to true as well:
         a[j]>a[i]        //     The `j`'th item is larger than the `i`'th item
         &a[j+1]<a[i++];  //     And the `j+1`'th item is smaller than the `i`'th item
  return!r;}              //  After the nested loop, check if the boolean is still false