key reversal day

Definition

A pattern seen when charting a stock, where a stock price within the course of a day will completely change its pattern. To qualify as a key reversal day, the price can either start by opening at a level above the previous high, continuing to rise, and then falling to below the previous day's low, or by opening at a level below the previous low, continuing to fall, and then rising to above the previous day's high.
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