Trading the Test Reject Pattern
There tends to be an increase in volume and volatility around previous swing highs and lows. Sometimes the price action leads to a breakout from a chart formation or trading range. Other times it can form a Spring or Upthrust, as Wyckoff called these "test and reject" spikes. What does one look for to determine if the market is going to stay in a trading range environment, or, if it is ready to breakout? The false breakouts can be sharp and spiky but offer good risk reward for a mean reversion trade. This webinar is going to concentrate solely on this one pattern and provide some helpful guidelines as to supportive indicators, initial risk points, and what to play for.