Could we be witnessing a fake breakout to lure buyers into the market? If this is a fake breakout to trap buyers THEN we can expect some strong sell pressure into my desired level to sweep them out of the market before the true buys come in. I am wishing you all a profitable trading week! Let me know what you think in the comment section below! 💬
Here is the analysis for this stock let me know in the comment section below if you have any questions... NSE:M_M
The key psychological level of 135 provided immediate resistance for sellers but is now showing signs of being a sell trap. Since a high amount of sellers joined at the key level and the trend line breakout, I believe liquidity will be targeted above this high before we see any signs of bearish momentum. When the liquidity has been taken, I will be looking for...
Keep care your ASSets cuz a green whale is going out in real indicator inside a sharp downtrend It means maybe maybe you see market is started to return to up but now it maybe a fake signal and maybe we have a range and than another decresment. If you are inside the market you can check real indicator if its return again to down it mean a big pullback to down and...
No Comments! Just take a look at the chart. A reminder: We are in a bear market. Do not expect much of any crypto. In my opinion it's just a relief rally.
Price is approaching the trendline breakout zone without fully mitigating the supply above which suggests to me a potential false breakout. Ideally, I would like to see sellers get trapped and liquidated. before I join swing sells. I have illustrated what I would like to see. if you have other ideas, let me know in the comment section. 💬
Breakout of long term resistance channel is not look very promising , it could be fake break out to look down towards 1840 zone Use this analysis for education purpose, trade wisely
CADCHF Has Grabbed the BUY SIDE LIQUIDITY and Hence has Less Chances to Move Up Again. And will Continue Its Bearish Trend
BTC just formed a double top and not enough volume to go higher. I see price coming under 26k in the near short term.. NOT FINANCIAL ADVICE but i make $$$ #tradeidea
USDCAD SHORT IDEA SUPPORT AND RESISTANCE ........................ TREND ........... PRICE ACTION ......................... CANDLESTICK ANALYSIS ....................... FAKE OUT ........................... PULLBACK ................... CANDLE PATTERN ................................ ............... ..............>>>>>>>>>>>>>>>>>>>>>>>>. ANALYSIS ...
BTC about to skyrocket fake break out on the falling wedge like last time when everybody thought we were going to crash... longs were liquidated today,, everybody is shorting now,,, this could be a bull trap and now a bear trap... NFA
Bitcoin possible having a “false” trend line “breakout” for traders for taking long trades as price still possible forming a bearish triangle pattern..
follow for a more interesting price action analysis.
EURUSD is at major resistance zone most importantly we had a *fakeouts* SL @ 1.11620 Tp1 @ 1.09445 Tp2 @ 1.08307 But we have to let price commit first to the downside give you an entry (depending on your trading strategy) It's a long way down be patient 💯
hi guys I hope you all have a great spring season👋. if you look closely you can notice that we are in a important level which is 44700-45700 and if price break it and stay above it we might have a new ATH but be carful with that because price might form a fake breakout and just hunt the stops in any cases bee carful and stay risk free. cheers 🥂.
Breakout above falling wedge TL will confirm trend reversal. Measured move correction is completed on Ukraine invasion. Expect 0.50 - .62 Fibo pullback, briefly then rocket higher. Retest of breakout will exclude fakeout like we had on last lift (overlay). Moving up from oversold on RSI, wave trends indicating buy signal.
BNT is ranging since May 2021. Support that built at $2.66 on June was tested again one month later in the form of a fakeout. In January 2022, price passed through $2.66 and found strong resistance in the high demand zone between $2.30 – 2.08. In the 4H LTF, BNT was accumulated between 22 Jan. and 05 Feb. That in conjunction with the long tail candlesticks - in...
Breakouts occur at resistance and support areas. These areas could be based on trendlines—horizontal or diagonal—prior highs or lows in the price, or chart patterns drawn on the chart. A breakout is when the price moves through a support or resistance level and keeps moving in that direction. A failed breakout is when the price moves through a support resistance...