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Falsebreak

Shiba Prints a Triangle, When Will It Break?Here on COINBASE:SHIBUSD we can see recent Price Action is outlining a Triangle Pattern having Pushed up through the Sept. Highs after the Pro-Crypto Trump Administration won the Presidency, and being rejected from May Highs! Price has been able to find Minor Support in the .000023 - .000022 area, but based on Tests 1 and 2 of the Falling Resistance showing Less Volume with each touch, Buyers seem to be losing their strength. Every Trendline needs at least 3 Tests to Validate their Strength and Probability of holding Price and we are currently waiting on that 3rd Test potentially in the .000027 area. -If the Falling Resistance is able to hold Price, we could see it decline to the nearest area of Structure being the Support from the Sept. Highs @ .000021 - .000020 -If the Falling Resistance is broken, Price creating a new Higher High must be followed by a significant amount of Volume Validating the Break otherwise it could be a False Break! The 200 EMA and DSR have printed a Golden Cross increasing the probability of Bullish moves to come! Indicators: - Price Trading Above 200 EMA - RSI Above 50 - BBTrend Printing Green Bars
COINBASE:SHIBUSDLong
by Novi_Fibonacci
HIFIUSDT | Ready for a Move Higher?Market Context Is HIFIUSDT poised to climb from this point? It’s looking possible! Chart Analysis We recently hit a new low on the daily chart, thanks to a Friday flush. However, this could be the recovery point we’ve been waiting for. Today’s price action hints at a potential false break on the daily timeframe, setting the stage for a rebound. Strategy This is a risky trade, but I’m a risk-taker! I’m betting on a bounce and aiming for our profit target. Let’s see if HIFI hits the right notes and moves higher! Stay tuned for updates and let’s watch this play out!
Long
by minno91
GNOUSDT | Ready to Move Lower?Market Context GNOUSDT recently saw a significant spike in volume, but we couldn't establish a new high on the daily chart. Now, we're consolidating within a trendline on the H4 timeframe, hinting at a possible false break. Strategy I’m betting on a move lower. This setup looks like it could play out quickly today, but we might see the downward momentum continue into tomorrow. It’s a thrilling moment—let’s see how this trade unfolds! Stay tuned for updates and let’s ride this potential dip together!
Short
by minno91
DXY Flagging Down 103 Soon?!Here I have DXY on the 4Hr Chart! Price has been in quite a Downtrend since the High @ 106.517 and now with the appearance of what seems to be a BEARISH BREAK of an ASCENDING CHANNEL which if we get a VALID BREAK and CLOSE out of this Channel .. This is signs of a Strong Continuation pattern, the BEAR FLAG! The Big Push behind this weakness comes in with the disappointing ISM Manufacturing PMI's showing quite a bit of Contraction! Final ISM Manufacturing PMI - 51.3 Actual v 50.9 Forecast ISM Manufacturing PMI - 48.7 Actual v 49.8 Forecast ISM Manufacturing Prices - 57 Actual v 60 Forecast *To Validate this Pattern, we need to see a STRONG CLOSE outside with a SOFT RETEST of the Break!
TVC:DXYShort
by Novi_Fibonacci
2
GJ Rising Wedge Break!Here I have GBP/JPY on the 1 HR chart! Price has been following what looks to be a Rising Resistance and Rising Support forming a RISING WEDGE!! Early this morning on disappointment of GBP strength, we seen price BREAK BEARISH strongly on the pattern!! I believe price is now retracing to the Rising Support of the Wedge to test as a VALID BREAK for confirmation that price will CONTINUE DOWN!! *Currently waiting on the Re-Test of the Rising Support Break! Upon VALIDITY, I will be looking to SELL!
Short
by Novi_Fibonacci
2
USD Waving The Flag in AU?!Here I have AUD/USD on the 1 Hr Chart! Tonight, we have seen Price make a drastic turn to the Upside back into this Descending Channel it was traveling in last week! With this False Break of the Falling Support, could we see the appearance of a BULL FLAG?!?! Now with a Bull Flag, we expect valid tests of both the Falling Resistance and Falling Support!! So far, we've had 2 tests and a False Break of the Support but we are missing a 3rd test of the Falling Resistance! With Price using this Local Support level, I believe we could see that 3rd test of the Resistance!! Now with NZD Low Inflation Expectation Results tonight, we're seeing some strength being put into AUD!! Fundamentally for the rest of the week: AUD- Wage Price Index (Tue) Employment Change, Unemployment Rate (Wed) USD- PPI, Powell Speaks (Tue) CPI, Retail Sales, Empire State Manufacturing Index (Wed) Unemployment Claims (Thur)
Long
by Novi_Fibonacci
6
❌ False Breakout PatternsA breakout that failed to proceed past a level, leading to a "false" breakout of that level, is referred to as a "false breakout." One of the most essential price action trading patterns to learn is the false double bottom and double top patterns, as a false-break is frequently a very strong indicator that price may be changing direction or that a trend may soon resume. False breakouts occur in all market scenarios, including trending, consolidating, and counter-trending. Trading Tips To Respect: ✅False breakouts can happen in markets that are trending, range-bound, or going against the trend. Watch for them in all market conditions since they frequently provide insightful hints about the direction the market will take. ✅Trading against a trend can be challenging, but one of the "best" approaches is to watch for a clear false breakout signal from a significant support or resistance level, as in the last example above. ✅False breakouts provide us with a "window" into the "fight" between expert and amateur traders, allowing us to engage in trading alongside them. Trading will appear to you in a different light if you can learn to recognize and trade false breakout patterns. 👤 @AlgoBuddy 📅 Daily Ideas about market update, psychology & indicators ❤️ If you appreciate our work , Please like, comment and follow ❤️
Education
by QuantVue
2
ETHUSDT had a false breakoutThe price is creating a pennant below the daily resistance and the price had a false breakout. On the daily timeframe, the price tested the 0.618 Fibonacci level with a nice candle. As you can see on the left the price created a W pattern and now the price is trying to have a breakout from the neckline. How to approach? The price needs to have a breakout from the weekly resistance and retest the daily resistance as support on 3200$, According to Plancton's strategy , we can set a nice order ––––– Keep in mind. 🟣 Purple structure -> Monthly structure. 🔴 Red structure -> Weekly structure. 🔵 Blue structure -> Daily structure. 🟡 Yellow structure -> 4h structure. ––––– Follow the Shrimp 🦐
Long
by InkyGrip
13
BTCUSDT false breakout?As I told you on the previous analysis the price wanted to retest the supply zone. At the moment the price is creating a long wick candle on that level, and it could be a false breakout of 43k. As I told you before, the price needs to create a clear higher high with volume and momentum. So if the price is going to create a clear breakout of 43k, and retest the resistance as new support, we could see another bullish impulse until 45k. With the current candle, it seems like a stop-loss hunter. –––– Keep in mind. 🟣 Purple structure -> Monthly structure. 🔴 Red structure -> Weekly structure. 🔵 Blue structure -> Daily structure. 🟡 Yellow structure -> 4h structure.
by InkyGrip
31
BTCUSDT false breakout?The price had a false breakout from the daily area on 38400 and now the price is trying to come back into the daily structure. the false breakout could confirm if the price will have a daily close above the 39200$ Otherwise, if the price is going to have a rejection from the daily structure and confirm the 4h breakout above the new lows (37600) we can apply our rules for a new short position until 34200. This week will be crucial –––– Keep in mind. 🟣 Purple structure -> Monthly structure. 🔴 Red structure -> Weekly structure. 🔵 Blue structure -> Daily structure. 🟡 Yellow structure -> 4h structure.
Short
by InkyGrip
21
GOLD - Upswing Momentum Can Lead to 1815Though we expect gold to hit 1790-1800 resistance zone and then pull back to 1750-1760 level, it seems like the upswing momentum is so strong that gold will just strike through the resistance zone 1790-1800. A few things to note on the daily chart: - A false break of the 2018-2019 uptrend line - Three river morning star candlestick pattern at major yearly support 1675 - Bullish divergence on MACD Now expect gold to continue to move up and test the 200-day moving average at 1815, which is also August's open. Pay attention to the downtrend line from 1916. Only there we can expect some kind of reversal.
FX_IDC:XAUUSDLong
by GOLDTREND-NET