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Technical

Breakdown

A price movement below a defined support level or pattern boundary. In bearish Elliott Wave structures, breakdowns often confirm Wave C initiation or the start of a new impulsive decline.

RELATED TERMS

Support
A price level where buying pressure tends to prevent further price declines. In ...
Breakout
A price movement above a defined resistance level or pattern boundary, typically...
Wave C
The final wave of a corrective sequence. Wave C always subdivides into five wave...
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