The key reversal is a two-day pattern. On Wednesday, MicroStrategy’s stock gapped higher at the open, meaning it opened above the previous session’s intraday high.

GBP/USD made a new higher high that hit the 1.3750 target as expected in my EU-GU video. But the uptrend seems to be struggling due to the reversal chart patterns.

Traders use stock charts and price patterns to get in and out of trading positions. Learn how to recognize some of the key price patterns.

Outside reversal is a chart pattern that shows when a security’s high and low price for the day exceed those achieved in the prior day’s trading session.

And it's not like the reversal occurred in a vacuum. Trading volume on Thursday was a record 100.4 million shares, which means it was a hard-fought battle with a lot of participants.

What the big ‘key reversal’ pattern in MicroStrategy’s stock chart could mean The behavioral pattern suggests a big battle at a key level that was convincingly won by bears By Tomi Kilgore ...