No trade
The setup is not there
What it is
A conclusion, not a failure to reach one: the chart does not offer a definable entry with a sensible invalidation and a worthwhile payoff.
What it may suggest
Sitting out. Most charts, most of the time, do not present a setup worth taking.
Where it fails
The hardest read to accept, because doing nothing feels like missing out. Overtrading is what this exists to prevent.
Also called no setup, sit out, wait.
More concepts
- GapA jump with no trading in between
- Support and resistancePrices that have mattered before
- Trend structureHigher highs and higher lows, or the reverse
- Breakout and retestPrice clears a level, then comes back to it
- InvalidationThe price that proves you wrong
- Risk-to-rewardDistance to target versus distance to stop
ChartPeak is an educational tool. It is not financial advice and does not make investment recommendations. Trading carries a risk of loss, and past performance does not indicate future results. Do your own research.
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