Falsebreakout
False Breakout Short Selling Natural GasNatural Gas is in a Double Top very extended retracement formation and at the very top, it has formed a False Breakout pattern.
The last green candle is a Topping Tail / Shooting Star reversal candlestick.
All information is on the Chart.
Entry: 9
Stop: 9.7
Take Profit: 7
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Resistance | Third wave | 1.272 FibEx - $300On 2H TF
Binance Chain ( BINANCE:BNBUSDT is in Ascending Channel. It's at 265
I figure out a support in range 229 - 237 equal 0.5 FibRe and 0.618 FibRe. We can trader in lower timeframes with these support.
Besides, BNB's dropped out twice nearly 13% and 16%.
So, two support at 229 and 237.
Elliott Wave Theory
- Invalidation Level below 215. Target of next downward at 150.
- Target of third wave at 300
Let's wait and see
I seriously belive that GOLD wants to keep falling and fallingXAUUSD has had several fake resistance breakouts since March and it just goes back down and every time deeper, I think it just wants to go to hell
NZDUSD FALSE BREAKOUTNZDUSD made a false breakout and bounced bullishly closing the daily and weekly candle above the support.
We can expect bullish momentum with initial targets as depicted on the chart.
MOO running out of grassHey everybody,
I've been following MOO as of late as I'm currently short DE and waiting on an entry for CAT short as well; I've noticed that it has essentially been forming a Wyckoff-style distribution pattern, and is one of the few sectors in this market that isn't brutally beaten down at this point. I'm currently expecting a countertrend rally upwards in this name, but I fully expect the rally to be faded and for this sector to enter a brutal markdown phase that will take it to pre-pandemic levels well before 2023. The question in my eyes is when and where will the rally be faded? My current ideal entry short on this name rests around $92/share
DOTUSDT is going to create a false breakout?The price is creating a triangle below the 4h resistance where the market created a supply zone. If you look on the left you can see how the price got rejections from that area.
How to approach it?
IF the price is going to get new liquidity with a false breakout and get a new rejection, According to Plancton's strategy , we can set a nice order
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Keep in mind.
🟣 Purple structure -> Monthly structure.
🔴 Red structure -> Weekly structure.
🔵 Blue structure -> Daily structure.
🟡 Yellow structure -> 4h structure.
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Follow the Shrimp 🦐
ADA is this a breakout?ADA in downtrend for last 190 days and it seems it is breaking out of the descending channel.
We had expected a pump from 0.8 which was the untested low.
Analysis
The blue line is a trendline which is acting as great resistance and its from ATH
The green line acting as support line
The red line is the line which act as breakout resistance
History shows us there is 2 previous false breakout on ADA
Also 21 and 100 weekly moving average are also acting is resistance.
As it seems there are so many resistance factor on the chart so its safe to assume this another fake breakout and lets wait for a successful retest of the trendline.
Close but no Cigar for Chainlink!!Looks to good to be true, but this is just another failed attempt to try and break resistance @ $11.50. If and when it fails we will see $9 inevitably. But on the upside that would be our final destination. Good luck! Just my opinion
AUDCAD | Perspective for the new weekAUDCAD has straddled a 6.8% price corridor since the start of the year, giving us, at first sight, a bearish bias considering the bearish trendline identified on the daily timeframe. However, the appearance of a reversal structure and breakout out of structure signal on the 4H timeframe; the possibility that price might break out of the bearish trend line the second time to set the tone for a bullish momentum in the coming week.
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SPX: Complete trend analysis (H, D and W charts).Hello traders and investors! Let’s see how the SPX is doing today!
First, in the 1h chart, it lost the support level we mentioned yesterday (4,200), and it dropped a little bit more after that. However, we see some reaction right now, and if the index closes above the 4,200, the market might understand it as a false breakout from a previous support, making this a possible bear trap.
This would be a good bullish sign, but we don’t see any clear bullish reversal structure yet. We are still doing lower highs/lows, and the 21 ema is pointing down, and to me, we must see more confirmation in order to call it a buy again.
If the index is about to reverse, now is the best time for it:
In the daily chart, we see that the index is trying to stabilize at a very important support level around the 4,167, which supported the price at least 5 times in the past.
What’s more, this support level could be the neckline of a Head & Shoulders chart pattern in the weekly chart:
This tells us that this the last chance the SPX will have to react, otherwise, it’ll engage a bear trend for good. It is important to notice that it is dropping in the last 4 weeks, but the volume was below the average, and this gives me the impression that the market is dropping because people are just afraid and aren’t buying, instead of actually selling (or shorting) at this level.
The moment couldn’t be more complex and crucial. Regardless of what the SPX will do next, it seems we’ll have our answer soon, in the next few days. I’ll keep you guys updated on this every day, so, remember to follow me to keep in touch with my daily analyses!
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
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Keep in mind.
🟣 Purple structure -> Monthly structure.
🔴 Red structure -> Weekly structure.
🔵 Blue structure -> Daily structure.
🟡 Yellow structure -> 4h structure.
–––––
Follow the Shrimp 🦐
BTC: "Was 69k just a false breakout?" I believe BTC's second run up to 69k was a massive false breakout created by an overheated market and it is currently backtesting the breakout zone of a massively bullish symmetrical triangle on 1W.
If this is truly the case and it's not simply a rising flag it would have price targets of 75.5k and 97k.
What do you all see?
silver possible false break outlooking for a false break out silver setup here with predicting new lows of this downward chanel drawed.
NVDA FALSE INVERTED HEAD AND SHOULDERSJumped in a play, was looking for a inverted head and shoulders play, didnt play how i wanted, took my stop loss seriously, and good thing to remember is always pay attention when speakers are on tv
BTC: to many laser eyes??what I am wondering is how a breakout with falling volumes is possible, both Spot and Futures.
Isn't it possible that it's just enthusiasm for the news of POSSIBLE Bitcoin regularization in Russia ??
Are we facing a real breakout or should we expect a new test and a continuation pattern? Or are we even seeing a fake breakout ??
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.
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Keep in mind.
🟣 Purple structure -> Monthly structure.
🔴 Red structure -> Weekly structure.
🔵 Blue structure -> Daily structure.
🟡 Yellow structure -> 4h structure.
TRX, key level BREAKOUT! Is it a chance to open LONG?Tron(TRX)is now squeezing to a key level after testing the trend line several times.
Each test of the trend line was followed by an increase in volumes. This means that the bulls are buying and waiting for a break up.
A break-up is very possible now, because we are approaching the level in small candles, which is a bullish signal.
After the FALSE breakout it will be possible to open long positions with the minimum target of $0.66-0.68.
Friends, push the like button, write a comment, and share with your mates - that would be the best THANK YOU.
P.S. I personally will open entry if the price will show it according to my strategy.
Always make your analysis before a trade.
BTCUSDT false breakout?The price had a false breakout from the daily area on 38400 and now the price is trying to come back into the daily structure.
the false breakout could confirm if the price will have a daily close above the 39200$
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
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Keep in mind.
🟣 Purple structure -> Monthly structure.
🔴 Red structure -> Weekly structure.
🔵 Blue structure -> Daily structure.
🟡 Yellow structure -> 4h structure.
Trading Patterns That Repeat (Video)I wanted to make a companion explanation video for my idea that I just posted comparing the Daily Stock Market Indexes to the 30 minute timeframe on Waste Management. Both are setting up the same pattern across different instruments and timeframes.
