Mirror Image
Note: The historical stock examples given below are for EDUCATIONAL USE ONLY. They ARE NOT to be used to make buy/sell decisions in today's market. For more information, please read the HSR Terms of Use.
Description
Price rallies, but its range AND close mirror the prior week's price action on a significant increase in volume.
Behavior Note: It's sometimes possible to have a price bar between two mirror image weeks.
What you need to know
Mirror Image is a sign of selling into strength because price range should expand when volume increases.
It's easy to miss a Mirror Image Week if you don't look at the volume total because price closes higher for the week.
Historical Stock Chart Examples 1A & 1B: REX American Resources (REX) 2012
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Click to enlarge 1A
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Click to enlarge 1B
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