Definition: A Price Action Anomaly (PAA) for short is simply a break in a trend or pattern; A deviation from what the individual expects price to do.
If you were looking at a consolidation range and price reversed at its major support and resistance level you wouldn't be looking at a PAA (As price did what you expected it to do which is to continue doing what it was doing) you would be just looking at a price reversal which because of the trend/pattern is what you were expecting it to do.
Similarly if price was in an uptrend and went through a pull back and then immediately continued upwards that wouldn't be an anomaly.
Below Are a few examples
USDCAD- Daily TF
GBPJPY Daily TF
Being able to accurately identify anomalies is important because they indicate reassessment periods
Reassessment periods definition
A period of time where prices behavior seems like its changing (Price is no longer doing what the individual expects it to do) It begins with an anomaly and can last months. During this period a trader will have insufficient data to make proper trading decisions.
The most confusing periods of time will be where the market is at a major level of support and resistance. At this major level the markets will be providing both sell signals and buy signals.
More work needs to be done in order to fully refine the ideas of reassessment periods, anomalies and their application and implications
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