Look Below and Fail

A specific type of market movement where prices fall below the low of a balance area and then rise back into the balance area.  The theory is that  if this happens, there are strong odds that there will be price rotation back up to the high of the balance area.

Look below and fail is specific to activity around balance areas only.  Falling below a prior day’s low or any technical level and rising back above it is not a “look below and fail”.