Glossary
Terms, defined plainly
- BreakoutTechnicals
- A decisive move beyond a support or resistance zone, ideally with expanded volume.
- Lesson: Support, resistance, and zones
- False breakoutTechnicals
- A move beyond a zone that quickly reverses back inside the prior range.
- Lesson: Support, resistance, and zones
- Liquidity poolSMC
- A price area where resting stop and breakout orders are presumed to cluster, such as above obvious highs or below obvious lows.
- Lesson: Liquidity pools, equal highs/lows and sweeps