Washout Day
A selling climax or high volume decline that "washes out" all the sellers and paves the way for buyers to take over. This may also take the form of a high volume hammer after an extended decline.
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Washout Day
A selling climax or high volume decline that "washes out" all the sellers and paves the way for buyers to take over. This may also take the form of a high volume hammer after an extended decline.