upthrust

verb
up·thrust | \ˈəp-ˌthrəst \
upthrusted; upthrusting; upthrusts

Definition of upthrust 

(Entry 1 of 2)

transitive verb

: to thrust up especially : to elevate (a part of the earth's surface) in an upthrust

intransitive verb

: to rise with an upward thrust

upthrust

noun

Definition of upthrust (Entry 2 of 2)

: an upward thrust specifically : an uplift of part of the earth's crust

Synonyms & Antonyms for upthrust

Synonyms: Verb

arise, ascend, aspire, climb, lift, mount, rise, soar, thrust, up, uprise, upturn

Antonyms: Verb

decline, descend, dip, drop, fall (off), plunge

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First Known Use of upthrust

Verb

1845, in the meaning defined at transitive sense

Noun

1846, in the meaning defined above

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Dictionary Entries near upthrust

up the spout

up the street

upthrow

upthrust

uptick

uptie

uptight

Statistics for upthrust

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Time Traveler for upthrust

The first known use of upthrust was in 1845

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More Definitions for upthrust

upthrust

noun

Financial Definition of upthrust

What It Is

Upthrusts are false breakouts that can trap the unsuspecting trader. Upthrust patterns quickly reverse, with the stock or index then often testing the opposite end of the trading range.

How It Works

Upthrusts are a type of technical pattern named by legendary technician Richard Wycoff. The quality of upthrust can be judged by an examination of the degree of penetration of support or resistance, as well as the volume on the day or period this penetration occurred. These four scenarios are possible:

-- Large penetration on large volume
Large penetration on small volume
Small penetration on large volume
Small penetration on small volume

Upthrusts provide the swing trader with good opportunities. First, they can provide a stop loss, which should be placed just above the extreme of the day the upthrust occurred. They can also create a target, since the stock is likely to test the opposite end of the trading range.

The recent upthrust in the Nasdaq Composite is shown below. The duration of the upthrust lasted for approximately one week. For most days during this period, the Nasdaq traded roughly two billion shares -- a bit higher than normal daily volume. Observe on the chart that the bearish engulfing candle signaled a key reversal. Also, note that the Composite was about to fall back into the consolidation pattern.

Why It Matters

Being able to accurately recognize an upthrust can turn a potential threat from a false breakouts into an opportunity. Swing traders should always watch the activity following a breakout to confirm whether a stock is behaving as it should. If not, then it might still provide an excellent trading situation -- if you spot an upthrust in the making.

Source: Investing Answers

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