Resting buy orders above highs: stop-losses of short sellers and buy-stop breakout entries.
How traders use it: Old highs and equal highs are watched as targets, or as places where a sweep and reversal might occur.
Common mistake: Shorting directly beneath obvious highs without allowing for the sweep.
Related: Sell-side liquidity · Equal highs / equal lows · Liquidity sweep
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Concepts only. Education only, not financial advice. No pattern on this site has a published win rate.