Upthrust
A situation that occurs when prices break above resistance, but soon reverse course and break back below resistance. Price are said to "thrust" up, but cannot maintain the upward momentum and soon decline. The upthrust can also be referred to as a failed (bullish) signal and is considered bearish. Generally, the reversal should occur within 1-3 days of the resistance breakout for the failed signal to be considered valid. This is the opposite of a spring.
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Non-FictionHow to make money with share market or stock market! This book is dedicated to idiotic brother Sachin ! 😂 Thanks to @tomboy_16 for amazing cover! 😊
