An Upthrust is a false break above the resistance of a distribution range that quickly fails back inside. It traps breakout buyers before the markdown begins — the mirror of a spring.
How traders use it
- It traps breakout buyers at the highs.
- A sharp rejection back into the range confirms it.
- It is the distribution-phase mirror of a spring.
See it in dtcharts
Track accumulation and distribution ranges on any chart in the dtcharts terminal with the drawing tools.