The blue light of the monitor was the only thing illuminating Elias’s small apartment. It was 3:00 AM, and on his screen sat a folder that had become his obsession: .
The most common reversal. The market breaks above a resistance level, triggering buy stops. But immediately, the bulls run out of steam, and the market collapses back below the breakout point. This traps the bulls, forcing them to sell (covering longs), which accelerates the move down. Al Brooks Trading Price Action Reversals Pdf Files