Chart cheat sheet
ContinuationNeutral
Support or resistance retest
After a breakout, price returns to the old boundary. Holding it suggests the level has changed role.
Educational example of a support or resistance retest. Real charts are messier — the shape is the idea, not a template.
What confirms it
Price rejects the retested level and closes back in the breakout direction.
Common trap
Entering on the first touch. A retest can keep travelling and become a full failed breakout.
Read it in five checks
- 01Trend: Is the higher chart rising, falling or ranging?
- 02Location: Is the setup at real support, resistance or structure?
- 03Close: Did a full candle close beyond the trigger level?
- 04Invalidation: Where does the chart prove the idea wrong?
- 05Reward: Is there enough clear space before the next barrier?
A chart pattern describes price behaviour; it does not predict the next candle. Use it with a trend filter, a defined stop and a tested risk-reward rule. Educational examples only — not trading advice.