Part 4 Terminology Glossary Flashcards
OIO
An abbreviation for “outside/inside/outside,” referring to a price bar with a higher high, lower low, and higher close than the previous bar.
OO
An abbreviation for “outside/outside,” referring to a price bar with a higher high and lower low than the previous bar.
Opening Reversal
A change in market direction that occurs shortly after the opening of a trading session.
Outside Bar
A price bar with a higher high and lower low than the previous bar, indicating increased volatility.
Outside Down Bar
An outside bar where the close is lower than the previous bar’s close.
Outside Up Bar
An outside bar where the close is higher than the previous bar’s close.
Overshoot
A temporary price movement that extends beyond a significant level of support or resistance.
Pause Bar
A price bar indicating a temporary pause or consolidation in price movement.
Perfect Trade
A trade that meets all predefined criteria and results in maximum profit.
Pip
The smallest price movement in a currency pair in forex trading, typically representing one basis point.
Probably
Indicates a high likelihood of a particular outcome based on market analysis.
Probability
The likelihood of a particular outcome occurring based on historical data or market analysis.
Pullback
A temporary reversal in the direction of price movement within a larger trend.
Pullback Bar
The specific bar that marks the beginning of a pullback in price movement.
Reversal
A change in the direction of a market or price movement.