$CLANKER 24-hour high, current price 14.94, previous high 14.83.
Three common patterns after a new high:
① Pulls back to the previous high without breaking below it, then makes a new high: strongest
② Repeatedly moves back and forth near the previous high: turnover; watch for direction
③ Falls straight back below the previous high and fails to reclaim it: false breakout
Currently above the previous high; watch whether it follows ① or ②.
#CLANKER
Don't treat this as a basis for making trading decisions.
Three common patterns after a new high:
① Pulls back to the previous high without breaking below it, then makes a new high: strongest
② Repeatedly moves back and forth near the previous high: turnover; watch for direction
③ Falls straight back below the previous high and fails to reclaim it: false breakout
Currently above the previous high; watch whether it follows ① or ②.
#CLANKER
Don't treat this as a basis for making trading decisions.