Patterns › Resistance rejection
Market structure
Resistance rejection
Price rose back to a level that stopped it before, and turned down again.
How often it worked
| Market | Times found | Target first | Stop first | Went nowhere |
|---|---|---|---|---|
| India (NSE) | 36 | 42% | 56% | 3% |
| United States | 43 | 44% | 54% | 2% |
| Japan | 31 | 36% | 58% | 6% |
| Crypto | 407 | 39% | 50% | 11% |
| Forex | 47 | 36% | 53% | 11% |
| Commodities | 10 | 40% | 60% | 0% |
Counted on real past charts by the Trading Class research engine, 574 cases in all. Past odds, not a forecast.
How to practise it
Where is resistance? Then decide: buy, sell, or wait? In the app, 36 real examples of the resistance rejection wait for you across 6 markets, and you say what happened next before the chart shows you.
Lesson: Resistance: the ceiling.
Related
Support bounce · Breakout · False breakout · Gap up · Gap down