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Quotes
by TradingView
>
Trading
>
Terms (Glossary)
>
article
False Downside Breakout Day
Quoting
The market opens within a
range
and moves below the range, usually with limited participation and volume that wanes with lower prices, only to bounce back into the range and return toward
VWAP
. A false downside
breakout
represents an extension of range trading conditions.
Spoo-nalysis ES e-mini futures S&P 500
Range Day - The market will oscillate around an average price value with relatively low volatility through the day, likely ending the day not far from its opening price level and/or its volume-weighted average price (VWAP);
Upside Trend Day - The market …
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