rally beyond the reversal day

rositakay

Senior Member
Arabic
Hi,
Looking to the technical foundation, earlier this morning the DAX attempted to rally beyond the reversal day high which came above the 10000/100 resistance zone, but has failed to hold above thus far.
What is meant by rally beyond the reversal day please
Source HE Magazine
Thanks
 
  • Myridon

    Senior Member
    English - US
    On the reversal day, the price reached a high level/amount - the reversal day high - after which the price went lower.
    This morning the price attempted to rise above that high level/amount.
     

    Glasguensis

    Signal Modulation
    English - Scotland
    To rally beyond a high means to settle at a level higher than the high in question. A reversal day is a day when a stock or index stopped moving in one direction and started moving in another direction. This can only be seen in hindsight. To me this is talking about a "top" reversal day where the index stopped trending up and started trending down.
     
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