False breakout
Technical analysisA move beyond a level that fails and reverses back inside it.
In plain terms
Stops cluster just past obvious levels, which makes them a tempting pool of liquidity.
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 move beyond a level that fails and reverses back inside it.
Stops cluster just past obvious levels, which makes them a tempting pool of liquidity.