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    Pseudo Breaker Explanation

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    gokah
    This document discusses a "pseudo breaker" candlestick pattern seen in a stock chart. It notes that the two candles have openings above the previous swing high, but one has a higher open than the other. As such, it constitutes a potential near-term breaker, though not a classic bearish breaker since the high was not exceeded. The author provides this analysis to give more context around breaker patterns and seasonal tendencies.

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    Download as PDF, TXT or read online from Scribd

    Pseudo Breaker Explanation

    Uploaded by

    gokah
    239 views1 page
    This document discusses a "pseudo breaker" candlestick pattern seen in a stock chart. It notes that the two candles have openings above the previous swing high, but one has a higher open than the other. As such, it constitutes a potential near-term breaker, though not a classic bearish breaker since the high was not exceeded. The author provides this analysis to give more context around breaker patterns and seasonal tendencies.

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    This document discusses a "pseudo breaker" candlestick pattern seen in a stock chart. It notes that the two candles have openings above the previous swing high, but one has a higher open than the other. As such, it constitutes a potential near-term breaker, though not a classic bearish breaker since the high was not exceeded. The author provides this analysis to give more context around breaker patterns and seasonal tendencies.

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
    Download as pdf or txt
    239 views1 page

    Pseudo Breaker Explanation

    Uploaded by

    gokah
    This document discusses a "pseudo breaker" candlestick pattern seen in a stock chart. It notes that the two candles have openings above the previous swing high, but one has a higher open than the other. As such, it constitutes a potential near-term breaker, though not a classic bearish breaker since the high was not exceeded. The author provides this analysis to give more context around breaker patterns and seasonal tendencies.

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    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
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    Both of these candles have the same high

    This is a pseudo breaker

    So, why am I dubbing this a Pseudo-​Breaker?

    Look at the bodies of the candles in swing high #1

    The highest is this open at 94.99. Then we have in the second swing 


    an open of 95.27
    Q:why not use close?
    So that, to me, constitutes a 
    potential, near-​term, breaker.
    Normally we would 
    anticipate a run higher 
    than the high here and 
    that's a classic ICT 
    bearish breaker:

    Down close candle, right before the run up, taking out the 
    previous high.
    For mentorship, now you have more information about the 
    breaker or pseudo-​breaker, which is useful. It doesn't always 
    work, okay?
    There has to be a context and the reason I'm framing this is 
    because I have the back-​drop of the potential seasonal 
    tendency as I outlined in previous discussions and obviously 
    this will remain on our chart until we see one of two things 
    unfold. Either
    1. the completeness of the entire month being bearish
    2. or we run down below the Sell Stops here, then we get a 
    rejection and make an attempt to get to the Buy Stops

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