A move outside a range (above the high or below the low) that is quickly rejected and closes back inside. It is the range version of a liquidity sweep.
How traders use it: Range traders sometimes treat a deviation below the range low and reclaim as an idea toward the opposite side of the range.
Common mistake: Ignoring acceptance: if price keeps closing outside the range, it is no longer a deviation.
Related: Range (trading range) · Swing failure pattern (SFP) · Spring (Wyckoff) · Upthrust (UT) / upthrust after distribution (UTAD)
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Concepts only. Education only, not financial advice. No pattern on this site has a published win rate.