DUSK Network (DUSK) has something remarkable unfolding on its weekly chart. It has artfully painted a substantial bullish pennant pattern, complete with a fakeout move to the downside. Now, it's poised for a genuine upward surge. The key to entering this market? Patience and a confirmation through a flag retest. 📊🏴
The Bullish Pennant Emerges:
DUSK has...
Hi Guys! This is a Technical Analysis on Beyond Meat (BYND) on the 3 Day Timeframe.
Ive been following BYND for a long time, trying my best to scope out a BOTTOM. This is an UPDATE to my ongoing analysis. So check out my other charts below for more context.
**Note: Our Current Candle has just begun today 08/14/23 and will close on 08/17/23
We were doing well...
A fake out, in technical analysis, refers to a deceptive market move that initially appears to signal a significant shift in price direction but ultimately proves to be false. It occurs when a price breakout or breakdown occurs, luring traders into believing that a new trend is emerging, only for the price to quickly reverse and move in the opposite...
Fake out on GBPAUD on the 4h HH.
made a box on the fake out candle. Orderblocks in the box. wait for it to go up then sell to fibo 0.618. stoploss above breakout box. nice 1 to 3 or 1 to 7 RR
1.You can diagnosis fake break outs with RSI divergence 2.One of good setups is wedge setup. Don't forget you can open position on third touch to trend line when you have divergence in RSI 3.Trend is your friend until it don't finish but here I didn't open position because I didn't have good r\r
Most interesting thing about this set up was we had a monthly fakeout at a major lever of support
A nice bullish candle away from that area
A long move
Plan the trade trade your plan
euraud has the potential to experience a fake out trading set up with a buy area at 1.48111 - 1/47908 this has a good risk and reward ratio and has the potential to reach the maximum target price of 1.52738
don't forget to re-analyze and use a broker with low spreads
