A failed signal is sometimes as good as a signal. In other words, a failed bearish signal is sometimes just as good as a bullish signal. StockCharts users can find failed P&F signals on the Predefined Scans page. The example below shows LPX with a bearish signal when the last O-Column moved below the prior O-Column. This signal was reversed when the current X-Column moved above the prior X-Column. LPX is currently at the bearish resistance line and a break above this line is needed to trigger the next bullish signal.