These false - breaks occur after large directional moves and as a market approaches a key level. (learntotradethemarket.com)
A clear trend seen on the monthly, weekly or daily chart may be far more indicative of a sustainable directional move. (gffbrokers.com)
An event - area is a price level or zone that saw a price action signal form and then a large directional move or «event» occurs. (learntotradethemarket.com)