
Here is what YOU should know about BREAKOUTS before you lose money on them !
A free FAILED BREAKOUT analysis for you - 🧵


Trading breakouts is an excellent trading strategy that involves buying or selling an asset after a long period of consolidation.


1. #INFIBEAM ⚡️
We saw a top out pattern, interesting part is the candle that gave a top was a heavy buying candle. No follow-up and stock is down nearly 30%.

This realty favourite stock 1st saw a DOJI that tried closing in but couldn't and the next day we say a green candle. Here the catch was to see that there was no follow up buying and stock ended up correcting nearly 30% and is still poised to crackdown more.

It made a triple attempt, or what we call a double top BO failure. Nothing much to explain, but it was a pure exit when the stock failed to break an 8 month breakout too. RED FLAG.

We don't know why retail bought this stock. But one thing to keep in mind is heavy selling + failed BO + such gullible names way below 200WMA. Don't buy. If you do. Make sure you know when to exit.

The 2018 darling stock. Another common sense exit when the stock is chased by multiple gurus and TV /TG channels.
Doji at resistance + small candles near BO. EXIT or take a 60% dent.

We personally traded this and booked 19% loss. Previous O=H candle with huge buying and no followup. We too didn't know why we held on to it.

⚡️WHEN DOES IT HAPPEN?
Ideally, a false breakout happens when there are not enough bulls or bears to continue supporting the asset.

Similarly, the upper false breakouts happened because there were not enough bulls to continue pushing the price higher.

1. ⚡️Bull trap –This happens when the price crosses a key resistance and then pulls back after a short while.
2. ⚡️Bear trap–This happens in a bearish trend when the price moves below a key support and then returns to the channel.
This Rule will help you identify false breakouts!
First, you need to wait for a few days to confirm whether what has happened is a real breakout.

To do this, traders use the 3% rule, which means that the price needs to rise above the resistance level by 3% to confirm a breakout.
1⃣If the breakout isn’t 3%+ and starts giving selling pressure signals. It’s time to exit or at least trim down the positions.
4⃣News based breakouts and then closing below BREAKOUT level.
We will leave you guys with a famous quote from our mentor @kach0289
"Breakouts break YOU out first, before Breakout". ⚡️
Join Us | https://t.co/FSyDMbfQdP
We post charts with logic and trade them!
RIGIPAY - https://t.co/LI1mWOC35R
More from The Chartians
More from All
Tip from the Monkey
Pangolins, September 2019 and PLA are the key to this mystery
Stay Tuned!
1. Yang
2. A jacobin capuchin dangling a flagellin pangolin on a javelin while playing a mandolin and strangling a mannequin on a paladin's palanquin, said Saladin
More to come tomorrow!
3. Yigang Tong
https://t.co/CYtqYorhzH
Archived: https://t.co/ncz5ruwE2W
4. YT Interview
Some bats & pangolins carry viruses related with SARS-CoV-2, found in SE Asia and in Yunnan, & the pangolins carrying SARS-CoV-2 related viruses were smuggled from SE Asia, so there is a possibility that SARS-CoV-2 were coming from
Pangolins, September 2019 and PLA are the key to this mystery
Stay Tuned!

1. Yang
Meet Yang Ruifu, CCP's biological weapons expert https://t.co/JjB9TLEO95 via @Gnews202064
— Billy Bostickson \U0001f3f4\U0001f441&\U0001f441 \U0001f193 (@BillyBostickson) October 11, 2020
Interesting expose of China's top bioweapons expert who oversaw fake pangolin research
Paper 1: https://t.co/TrXESKLYmJ
Paper 2:https://t.co/9LSJTNCn3l
Pangolinhttps://t.co/2FUAzWyOcv pic.twitter.com/I2QMXgnkBJ
2. A jacobin capuchin dangling a flagellin pangolin on a javelin while playing a mandolin and strangling a mannequin on a paladin's palanquin, said Saladin
More to come tomorrow!

3. Yigang Tong
https://t.co/CYtqYorhzH
Archived: https://t.co/ncz5ruwE2W

4. YT Interview
Some bats & pangolins carry viruses related with SARS-CoV-2, found in SE Asia and in Yunnan, & the pangolins carrying SARS-CoV-2 related viruses were smuggled from SE Asia, so there is a possibility that SARS-CoV-2 were coming from
APIs in general are so powerful.
Best 5 public APIs you can use to build your next project:
1. Number Verification API
A RESTful JSON API for national and international phone number validation.
🔗 https://t.co/fzBmCMFdIj
2. OpenAI API
ChatGPT is an outstanding tool. Build your own API applications with OpenAI API.
🔗 https://t.co/TVnTciMpML
3. Currency Data API
Currency Data API provides a simple REST API with real-time and historical exchange rates for 168 world currencies
🔗 https://t.co/TRj35IUUec
4. Weather API
Real-Time & historical world weather data API.
Retrieve instant, accurate weather information for
any location in the world in lightweight JSON format.
🔗 https://t.co/DCY8kXqVIK
Best 5 public APIs you can use to build your next project:
1. Number Verification API
A RESTful JSON API for national and international phone number validation.
🔗 https://t.co/fzBmCMFdIj

2. OpenAI API
ChatGPT is an outstanding tool. Build your own API applications with OpenAI API.
🔗 https://t.co/TVnTciMpML

3. Currency Data API
Currency Data API provides a simple REST API with real-time and historical exchange rates for 168 world currencies
🔗 https://t.co/TRj35IUUec

4. Weather API
Real-Time & historical world weather data API.
Retrieve instant, accurate weather information for
any location in the world in lightweight JSON format.
🔗 https://t.co/DCY8kXqVIK
