rally beyond the reversal day


Senior Member
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
  • 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.


    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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