Failed breakout
Technical analysisAlso called: Bull trap
A break beyond a level that closes back inside soon afterwards.
In plain terms
Everyone who bought the break is trapped, and forced exits move price harder than willing ones.
Every term is defined twice: once the way a filing would put it, and once the way somebody would explain it to you across a table. The second one is usually the one that sticks.
Showing 1 term
A break beyond a level that closes back inside soon afterwards.
Everyone who bought the break is trapped, and forced exits move price harder than willing ones.