Throwback

Throwback
A price move back toward the entry level of a security that has broken beyond the barrier of a price pattern or trendline. The retreat toward the level of the breakout is not uncommon and is used by many traders to confirm the validity of the new momentum. Notice how the price in the chart below retests the neckline of the head and shoulders pattern before continuing its move higher.

Throwback

The move back toward the level of a breakout may be alarming and it causes many to panic and close their position because they think the pattern is not valid. This retest of the breakout level isn't all that bad and is quite common. The successful bounce off the support or resistance actually helps strengthen the pattern and its suggested new direction because it shows that the supply/demand factors of the asset have shifted.


Investment dictionary. . 2012.

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  • Throwback — may refer to:* Atavism * A retro style * Throwback uniform, variations of a sports team s uniform to resemble uniforms from that team s past, or uniforms of a defunct team * Throwback Entertainment, a video game publisher * Something Old School… …   Wikipedia

  • throwback — hrow back, n. 1. the reappearance in an organism of characteristics of an earlier ancestral type; atavism. [PJC] 2. an organisms having characteristics of an earlier ancestral type. [PJC] [1913 Webster] …   The Collaborative International Dictionary of English

  • throwback — throwback. См. регресс. (Источник: «Англо русский толковый словарь генетических терминов». Арефьев В.А., Лисовенко Л.А., Москва: Изд во ВНИРО, 1995 г.) …   Молекулярная биология и генетика. Толковый словарь.

  • throwback — throwback. = regress (см.). (Источник: «Англо русский толковый словарь генетических терминов». Арефьев В.А., Лисовенко Л.А., Москва: Изд во ВНИРО, 1995 г.) …   Молекулярная биология и генетика. Толковый словарь.

  • throwback — index reversion (act of returning) Burton s Legal Thesaurus. William C. Burton. 2006 …   Law dictionary

  • throwback — reversion to an ancestral type or character, 1888, from THROW (Cf. throw) (v.) + BACK (Cf. back) (adv.); earlier it meant a reverse in a course or progress, a relapse (1856) …   Etymology dictionary

  • throwback — *reversion, atavism …   New Dictionary of Synonyms

  • throwback — Miscased or missorted mail that has been reworked for accurate distribution. (Also see missort/missorted mail) …   Glossary of postal terms

  • throwback — ► NOUN ▪ a reversion to an earlier ancestral type or characteristic …   English terms dictionary

  • throwback — [thrō′bak΄] n. 1. Now Rare the act of throwing back; check, stop, or reversal 2. reversion to an earlier or more primitive type or condition 3. an instance or example of this …   English World dictionary

  • throwback — throw|back [ˈθrəubæk US ˈθrou ] n [C usually singular] something that is similar to something that existed in the past, or belongs to the past throwback to ▪ Her whole outfit was a throwback to the 1970s. ▪ a social event which is a throwback to… …   Dictionary of contemporary English

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