by Edward Revy » Tue Nov 16, 2010 8:07 pm
The price would normally stall, when another few pips are needed to reach major Support/Resistance the next day/hour (depending on a time frame being used).
If, however, a Marubozu bar on the close succeeded in reaching/or even shooting over the target S/R, then a quick reversal is rarely a surprise. Besides, on a shorter time frame, you may just see a small pausing before a reversal.