One of the most interesting setups is when a breakdown fails.
Support breaks.
Sellers rush in.
Shorts pile up.
Then price quickly reclaims the level.
Suddenly, the traders who expected continuation are trapped.
Failed moves can create powerful moves in the opposite direction.
$CYS $BR $PROM
Support breaks.
Sellers rush in.
Shorts pile up.
Then price quickly reclaims the level.
Suddenly, the traders who expected continuation are trapped.
Failed moves can create powerful moves in the opposite direction.
$CYS $BR $PROM