Whipsaw describes the movement of a coin when, at a certain time, the coin’s price is moving in one direction but then quickly pivots to move in the opposite direction.
The two types of Whipsaw patterns are -
1. Upward movement in price, followed by a drastic downward move
2. When price drops in value for a short time and then suddenly surges upward to a positive gain relative to the original position
Thanks Amit! Will watch out of this.