A price move that breaks a previous significant high or low, signaling a shift in market structure. Chart patterns like this one are studied because they tend to repeat across timeframes and instruments, reflecting recurring crowd psychology in price action.
A price move that breaks a previous significant high or low, signaling a shift in market structure. Chart patterns like this one are studied because they tend to repeat across timeframes and instruments, reflecting recurring crowd psychology in price action.
It's used by price-action traders to confirm a trend continuation or change. This is the kind of nuance that separates experienced market participants from beginners, since it only becomes practically useful once the basics are second nature.
Common terminology in smart-money/price-action trading circles. It shows up in day-to-day trading through price charts, broker platform data, or news commentary, and recognizing it quickly can meaningfully shape decision-making in the moment.
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