In contrast to a confirmed resistance or support reverse pattern, the price reject pattern is intended to give a continuation trading setup. The pattern would occur after an initial reverse went through a price point that rejected and continued the current swing – for instance break support and then have it shift to resistance and reject, continuing the sell direction.
Price Action Price Trading And Identification
Price action prices are chart price areas that are important for trading, because they have tested and rejected as support and/or resistance multiple times. This video will discuss 2 price action prices that were used to avoid losing trades, as a price failure entry for a winning trade, and as a partial profit target.