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Technical

Retest

When price returns to a previously broken support or resistance level to confirm the breakout. In Elliott Wave, retests often occur as part of Wave 2 after a Wave 1 breakout.

RELATED TERMS

Pullback
A temporary price decline within an ongoing uptrend. In Elliott Wave context, pu...
Breakout
A price movement above a defined resistance level or pattern boundary, typically...
Support
A price level where buying pressure tends to prevent further price declines. In ...
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