4 March 2026 · Mali Thongchai
Reading a pullback after the weekly bar breaks
When a weekly close leaves a range, the daily chart often walks back toward the break. The walk is not automatically an entry.
A weekly close beyond a range is a fact on the sheet. What follows on the daily chart is usually less dramatic: a walk back toward the old boundary, a few overlapping bars, and a student who wants to call the walk a gift. Sometimes it is a pause in the new direction. Sometimes the break has failed and the range is simply reclaiming the bar.
Start from the weekly close
Before anyone discusses the daily chart, we mark the weekly level that broke and we note whether the close was beyond it or only a wick. A wick through the level, with the close back inside, is not the break this note is about. We set that sheet aside and treat the range as still intact.
When the weekly close is truly beyond the level, the daily pullback is measured against that price, not against a moving average someone added out of habit. The question on the sheet is simple: does the daily chart reach the old level and stall, or does it close back through it?
A failed retest
A failed retest, in the language of this room, is a daily close back inside the old range after the pullback has touched the boundary. That close cancels the idea that the weekly break is holding. It does not require a story about buyers and sellers. It requires the close, written down, and the earlier mark crossed out.
Students who already swing for a living often know this and still skip the written step when the day has been long. The journal exists so the step is on paper. Bring the weekly sheet to the desk if you want the pullback marked beside someone who will not let the daily bars shout over it.