Get started

Falsebreakout

SNDL: Each analysis, we hit a target! Let's see what's next.Hello traders and investors! Ok, so, our analyses on SNDL have been quite precise, as it nailed another target that we talked about in my last analysis. In fact, SNDL did hit all our targets with an astonishing precision. Let’s see if we can understand what’s going on again. And of course, my last analyses on SNDL were public, and you may just check the links below for more details, if you are curious. In the 1h chart we have what seems to be a False Breakout from the resistance at $ 1.64, as the price went above it, but couldn’t keep up and close above the black line. Now the odds are that SNDL will seek one of its supports, and a good candidate is the area between the 21 ema and the $ 1.47 (red line, previous top). Now, the daily chart: The thing is, we have earnings soon, and this surely will bring some volatility and could ruin the short-term reading of the charts. But this doesn’t change the bullish bias seen here, as we have higher highs/lows in the 1h chart, and it is above the 21 ema in the daily chart, and the volume increased yesterday. This means that pullbacks are opportunities to buy. Let’s see how SNDL will behave in the next few days. Remember to follow me to keep updated about SNDL and other stocks I analyze every day. And if this idea helped, please, support it with your like! Thank you very much.
NASDAQ:SNDL
by Nathan_The_Finance_Hydra
24
Clover Health Will Show A Technical Growth In Channel To $9.92After a false breakout due to a correction in the broader market, $CLOV has re-entered the falling channel it has broken out of and closed within it. From this area, I expect growth towards the resistance zone around $9.92 to $10.00. However, do note that this zone of resistance that we are heading for is a very strong area of resistance. In this area, we see an intersection of: 1. Dynamic resistance created by the upper parallel line of the falling channel 2. Fibonacci resistance and Horizontal resistance 3. Former $10 SPAC price floor which acts as a very strong psychological resistance Regardless, I expect a move towards it first. Would have to see how the market reacts to this level first before deciding on our next course of action. This is not an investment or trading advice so please do your own due diligence! Support this idea with likes and share your thoughts below.
NASDAQ:CLOVLong
by AntrePoint
1
Gold setting up a trap move? $1715 and $1725 are key to watch.I am a trap move and liquidity trader, I look for them all day every day, so I don't expect this idea to align with the majority BUT Gold still looks a little sketchy to me. Based upon my rules, those weekly lows will/should get breached, whether it's this week or next week, next year I don't know. But there is liquidity sitting around $1660. What I like is the fact the weekly is still bearish, and we have a very obvious W pattern forming, this could be potential bait to get people long, and now they would be placing more SL's just below $1680...where all the other weekly liquidity is currently at. The banks could be setting people up. Gold could very well just smash $1725 and make a beautiful run, but based on my rules, I am thinking twice about long right now, another bullish day then I'd probably switch to long bias. But right now we just cleared two prior daily highs at the NY open, plus the stimulus news confirmation should be coming out today. If the price remains under $1725 and then closes below $1715...we are most likely going to get a steep drop hunt. Just simply observing XAU right now. Let's Elevate, Gio
OANDA:XAUUSD
by elevatedinvestor
4
AAPL: Key Points that we must keep in mind!Hello traders and investors! Let’s talk about AAPL today! First, it hit the bottom level of the Descending Channel we talked about in my last analysis. The sentiment is still bearish, and it lost the red line at $ 120.45 as well. But there’s a light at the end of the tunnel. Right now, AAPL is reacting very well, and if it closes above the red line, the market may see this movement as a false breakout from a support level. This is better seen in the daily chart: Yes, we had a H&S chart pattern , and the target was already hit, at the previous support level, which is the same $ 120.45 (black line). Yesterday, AAPL closed under this support level, but if it closes above it today, then we’ll see a false breakout, and this could be very frustrating for the bears. The investors may be attracted by AAPL, as the R/R ratio is very good near this support level. But the bias is still a little bearish, so, let’s be careful and wait for more confirmation. Remember to follow me to keep in touch with my daily analyses and updates, and if this idea helped, please, support it! Thank you very much.
NASDAQ:AAPL
by Nathan_The_Finance_Hydra
2
PLTR: Light in the end of the tunnel?Hello traders and investors! Let’s talk about PLTR today! Let’s begin with the daily chart, then we talk about the weekly chart. First, the problem with PLTR is that it is losing its support level at $ 22.50. This would be dangerous, as PLTR has no other clear support levels below this point (maybe the $ 17, but I’m not sure). On the other hand, now would be the perfect time for a reaction. If we see a bullish sign on Monday, or a strong reaction today, the market may see a false breakout from this support level, and this could be a buy opportunity. Movements like this are buy opportunities because the Risk/Reward ratio is very attractive, and investors like good R/R ratio. But we must see a good reaction quickly, otherwise, the bear trend will persist. Now, the weekly chart: PLTR is not only near a support level in the daily chart. In the weekly chart, the stock just dropped to hit its 21 ema (it is a brand-new 21 ema, yes, because PLTR is a quite new stock as well, but we can’t deny we have one 21 ema now). We have 2 support levels in different time frames, and this is why I see this moment as a good opportunity for a reaction. It is not a buy, but it is not a sell either. We must patiently wait for more signs on PLTR. Given the high volume during the recent sell-off, we can assume that PLTR will not react and fly again. Scenarios like this are very unlikely after a sell-off with high volume. The volume must decrease first, and the stock must do some accumulation patterns before it can fly again, in my opinion. Let’s follow PLTR closely from now on, and if you want to keep in touch with my daily studies, remember to follow me . And if you’ve made this far, it means you found this analysis good in some way. If that’s the case, please, support it! Thank you very much, have a nice weekend.
P
by Nathan_The_Finance_Hydra
13
USDJPY - SHORT ENTRY PRICE - 107.350Sell on false breakout! USDJPY - SHORT ENTRY PRICE - 107.350 SL - 107.800 TP1 - 106.300 TP2 - 105.500 Always follow the 6 Golden Rules of Money Management: 1. Protect your gains and never enter into a position without setting a stop loss. 2. Always trade with a Risk-Reward Ratio of 1 to 1.5 or better. 3. Never over-leverage your account. 4. Accept your losses, move on to the next trade and trust the software. 5. Make realistic goals that can be achieved within reason. 6. Always trade with money you can afford to lose. Please leave your comment and support me with like if you agree with my idea. If you have a different view, please also share with me your idea in the comments. Have a nice day!
Short
by Profit_Trader
BTCUSDT breaking below falling wedge right into support level.It's been a tough couple of weeks trying to push bullish scenarios but this is normal when markets go sideways. Sideways or trading ranges have momentum too so it will keep doing the same until it ceases to do the same. Right now, we re at the bottom of a falling wedge and price is breaking below trend line support. A false break here could propel the price higher. This setup is one of my favorite setups as it usually gives good RR (if it works). I do think we have a bunch of buyers waiting at around 42k which is the breakout level of the 08-FEB strong breakout. Market may need to to re-test that level soon, which will coincide with a potential false break setup... Not trading advice.
Long
by thedailychartist
BTCUSDT - bull trapYesterday there was a false breakout! super beautiful example! I will tell you below what a false breakout is! False Breakout Patterns False-breakouts are exactly what they sound like: a breakout that failed to continue beyond a level, resulting in a ‘false’ breakout of that level. False breakout patterns are one of the most important price action trading patterns to learn, because a false-break is often a very strong clue that price might be changing direction or that a trend might be resuming soon. A false-break of a level can be thought of as a ‘deception’ by the market, because it looks like price will breakout but then it quickly reverses, deceiving all those who took the ‘bait’ of the breakout. It’s often the case that amateurs will enter what looks like an ‘obvious’ breakout and then the professional’s will push the market back the other way As a price action trader, you want to learn how to use false breakouts to your advantage, rather than falling victim to them. Here are two clear examples of false breakouts above and below key levels. Note that false breakouts can take different forms. Sometimes a false break will occur with a pin bar pattern or a fakey pattern as the false break, and sometime not A false breakout is essentially a ‘contrarian’ move in the market that ‘flushes’ out those traders who may have entered on emotion, rather than logic and forward thinking. Generally speaking, a false-break is happens because amateur traders or those with ‘weak hands’ in the market will tend to enter the market only when it ‘feels safe’ to do so. This means, they tend to enter when a market is already quite extended in one direction (and it’s about ready to retrace) or they try to ‘predict’ a breakout from a key support or resistance level too early. Professional traders watch for these missteps by the amateurs, and the end result is a very good entry for them with a tight stop loss and huge risk reward potential. It takes discipline and a bit of ‘gut feel’ to know when a false-break is likely to occur, and you can never really know ‘for sure’ until after one has formed. The important thing, is to know what they look like and how to trade them, which we will discuss next…
by Yuriy_Bishko
30
GLBS Technical Analysis 🧙Globus Maritime Ltd is a dry bulk shipping company which provides marine transportation services internationally. The company owns, operates and manages a fleet of dry bulk vessels that transport iron ore, coal, grain, steel products, cement, alumina and other dry bulk cargos. Its operations are managed by its subsidiary which also provides in-house commercial and technical management for its vessels and also offers consulting services for an affiliated ship management company. If you understand the idea,🎯 press a thumb up! 👍 Have a question? Don't be shy to ask! 🤓 Interested to study how to analyze charts, follow me!
NASDAQ:GLBSLong
by yura_trades
BBAR Technical Analysis 🧙Banco BBVA Argentina SA is a banking services provider in Argentina. It provides financial assistance to large corporations, small and medium-sized companies, as well as individuals. The bank provides services through retail, corporate, investment banking, and Small and medium-sized companies divisions. Through the retail banking segment, it provides banking products and services to individuals, corporate banking deals with services to corporates, the small and medium-sized companies segment focused on foreign trade, agricultural business, and digital products. The company's geographical segments are Spain, the United States, Mexico, Turkey, South America, and the Rest of Eurasia. If you understand the idea,🎯 press a thumb up! 👍 Have a question? Don't be shy to ask! 🤓 Interested to study how to analyze charts, follow me!
NYSE:BBARLong
by yura_trades
VETETH bullish reversal scenario could be in play now...Reversal trades are inherently low probability but they offer the best risk-rewards so we always hunt for them. That said, the VETETH pair is looking better in this regard: 1. Market has rejected the low for at least 4 days in a row now. 2. Today's candle opened at a higher low 3. Today's candle is now a big bull candle with price back inside the descending wedge/channel False breaks are great setups to trade against the direction of the breakout so people who bought that breakout are now in profit (if they managed to hold). Reasonable target for such a trade is the resistance trend line of the descending wedge/channel. We just need to see if this move back into the consolidation will be confirmed by a daily close. The ultimate scenario is a breakout above this descending wedge so that is the big bet and we are looking at this false break as the possible bottom for VETETH this year! We all know ETH will probably flip BTC so the perfect scenario for VET holders would be this reversal to happen! :) Let's wait and see!
Long
by thedailychartist
GOLD can confirm the false breakout? 🦐GOLD on the 4h chart after the break of the trendline attempts to break below the support. The market so far market rejected the break.. According to Plancton's strategy, If the price will break below, we will set a nice short order. --–– Follow the Shrimp 🦐 Keep in mind. 🟣 Purple structure -> Monthly structure. 🔴 Red structure -> Weekly structure. 🔵 Blue structure -> Daily structure. 🟡 Yellow structure -> 4h structure. ⚫️ Black structure -> <4h structure. Here is the Plancton0618 technical analysis , please comment below if you have any question. The ENTRY in the market will be taken only if the condition of the Plancton0618 strategy will trigger Leave a comment that is helpful or encouraging. Let's master the markets together
OANDA:XAUUSDShort
by InkyGrip
8
ATNM Technical Analysis 🧙Actinium Pharmaceuticals Inc is a biopharmaceutical company engaged in the development of innovative-targeted therapies for patients with cancers lacking effective treatment options. The company's proprietary technology platform utilizes monoclonal antibodies to deliver radioisotopes directly to cells of interest in order to kill those cells safely and effectively. Its most advanced products are Iomab-B, an antibody-drug construct containing iodine 131 (I-131), used for hematopoietic stem cells transplantation in various indications and Actimab-A, an antibody-drug construct containing actinium 225 (Ac-225), currently in human clinical trials for acute myeloid leukemia. If you understand the idea,🎯 press a thumb up! 👍 Have a question? Don't be shy to ask! 🤓 Interested to study how to analyze charts, follow me!
AMEX:ATNMLong
by yura_trades
EHTH Intrinsic Value IdeaI had previously published on EHTH while it was in a symmetrical triangle formation. There was a brief false breakout at the end of January with the price going as high as 93. This was short lived however as it fell back below the initial resistance line and then rapidly dropped all the way down to $48 following a downgraded price target from RBC Capital. Despite the negative report and subsequent steep drop in price I still believe EHTH is a fundamentally strong company that will continue its steady/solid growth. I had previously set a $115 price target on EHTH and still believe this target can be justified however lets consider the possibility that I was simply just off in my valuation. I came to this $115 target using an already conservative 30% margin of error in my calculations. If we took those same calculations and used a very conservative 50% margin of error instead of 30%, our min price target would still be $82. I believe at this current price level there is some great value here.
NASDAQ:EHTHLong
by LivermoreGrahamDisciple
1
GEO Technical Analysis 🧙The GEO Group Inc. is a real estate investment trust specializing in detention facilities and community-reentry centers. The company leases and oversees secure detention centers, rehabilitation and reentry facilities, and service centers for troubled youth. The GEO Group also provides counseling, education, drug abuse treatment, technology-based supervision programs, and detainee transportation. The majority of revenue comes from leasing and managing U.S. corrections & detention facilities. The GEO Group also operates in Australia, South Africa, and the United Kingdom. If you understand the idea,🎯 press a thumb up! 👍 Have a question? Don't be shy to ask! 🤓 Interested to study how to analyze charts, follow me!
NYSE:GEOLong
by yura_trades
10
EBR Technical Analysis 🧙Centrais Eletricas Brasileiras SA, or Eletrobras, is a mixed capital, Brazilian electric utility company of which the majority shareholder is the Government of Brazil. Eletrobras, through its subsidiaries, controls a sizable amount of total installed electricity generation, transmission, and distribution in Brazil. The company operates a portfolio of wind, thermal, hydro, and nuclear power plants located throughout the country. The vast majority of the total energy produced by Eletrobras comes from its hydroelectric facilities. The company primarily generates revenue from the sale of electricity to distribution companies and free consumers. About half of Eletrobras' electricity sales are made using free market agreements, while the other half are completed through auctions and contracts. If you understand the idea,🎯 press a thumb up! 👍 Have a question? Don't be shy to ask! 🤓 Interested to study how to analyze charts, follow me!
NYSE:EBRLong
by yura_trades
4
NAT Technical Analysis 🧙Nordic American Tankers Ltd owns and operates double hull crude oil tankers. It is an international tanker company that owns double-hull Suezmax tankers. It operates vessels in the spot market or on spot market-related charters pursuant to cooperative arrangements with third parties. The company's fleet consists of crude oil tankers, and all of its vessels are employed in the spot market. The company has only one type of vessel - Suezmax crude oil tankers. It operates in markets that are very competitive and based mainly on supply and demand. If you understand the idea,🎯 press a thumb up! 👍 Have a question? Don't be shy to ask! 🤓 Interested to study how to analyze charts, follow me!
NYSE:NATLong
by yura_trades