A market move that attempts to break beyond a reference level (like IBH/IBL) but quickly reverses within 30 minutes, signaling rejection. A true FA often leads price to travel to the other end of the IB — e.g., a failure at IBL followed by a move above IBH.
A market move that attempts to break beyond a reference level (like IBH/IBL) but quickly reverses within 30 minutes, signaling rejection. A true FA often leads price to travel to the other end of the IB — e.g., a failure at IBL followed by a move above IBH.
Failed Auctions provide high-probability trading opportunities as they often lead to sharp reversals. Look for price to break a key reference level but with poor volume or participation, followed by rejection. These failures frequently result in moves to the opposite extreme, making them valuable for swing entries and trend identification.
