Swing failure pattern

A candle whose wick pokes beyond a previous swing high or low but closes back inside it.

What it means

A push past a level many traders watch could not hold; above a high it hints at weak buying, below a low at weak selling.

What to watch

The close: a close beyond the level would be a breakout instead, and the candles after it.

How Compass-Alpha uses it

Background only; not used in any figure on Compass-Alpha.