Trading University - chart - 3515126
#TradingUniversity Spring , Part of Dow's Theory.
Spring is in layman's language is an price swing below Demand or Support zone usually wick of Candle to Hunt Stop Loss of us and price jumps from here like when we release spring. Shake out is also same but in Shake out Sometimes it take time or 2 or 3 Candles are involved to Out weaken Hands.
It is always advisable to keep SL few points down of whichever Tool are Using.