The warning signs of fake turtle soup (true breakouts):
• Opposing liquidity taken.
• Close through level with two candles.
• Close through with 3 candles leaving fair value gap behind.
• Acceleration away from level instantly from the fvg left behind
• Opposing liquidity taken.
• Close through level with two candles.
• Close through with 3 candles leaving fair value gap behind.
• Acceleration away from level instantly from the fvg left behind
Final one:
Consolidation - expansion (real breakout) - retracement - expansion (real breakout).
Consolidation - expansion (real breakout) - retracement - expansion (real breakout).
Example:
For the notes:
• Original consolidations of MMxM are real breakouts. (Cons - exp - retr - exp)
For the notes:
• Original consolidations of MMxM are real breakouts. (Cons - exp - retr - exp)
Another example of a real breakout:
Another one:
Last example
Note the difference:
End of thread "Real breakouts".
@traderbloum That's the first thing,
Second thing:
Which market profile are we in?
Trending? Consolidating? Chopping? Reversal?
Second thing:
Which market profile are we in?
Trending? Consolidating? Chopping? Reversal?
@traderbloum In uptrending markets with a "up" bias,
False breakdowns are assumed to be false by default,
And vice versa.
False breakdowns are assumed to be false by default,
And vice versa.
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