Throwback

Throwback is the specific name for a retest after an upside break. Price breaks resistance, then falls back toward that old high. If the old high holds as support, the throwback is the entry the breakout buyer wanted at a better price. The word is not a synonym for any pullback.

Upside break of a marked resistance, then a decline back to it without establishing a new downtrend. The touch can be a wick into the level and a close back above.

A hold is the long. Stop under the old resistance or under the throwback low. The target is the swing the breakout was supposed to start, which you should have written down before the pullback scared you.

A throwback that closes under the old resistance fails the break. The bull trap is then the trade, not the long.

Using "throwback" for a pullback to a rising trendline. The classical word is about a horizontal breakout level.

Throwbacks can fall deeper than the level and still resume. If your stop is exactly on the line, ordinary noise will take it. Give the zone a thickness or do not use the setup.