SnapBack
What it looks at
Distinguish recovery after a strong stock pulls back from a breakout after consolidation, so each price structure can be followed on its own terms.
How to read it
Useful for studying whether a rebound continues or a breakout gains support from later price moves. Identify the structure first, then follow the evidence supporting the initial reading.
Limits
Rebounds can stall and breakouts can reverse. Assess the two structures separately, allowing for changing market conditions and execution differences.