breakout or false breakout ?
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false it is.
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. . .
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looking back at what happened, the overall price responded to massive price moves in index.
4th turned out a selling day and 5th equally impactful buying day.
So the price happened to take a short detour.
on 5th managed to stay above channel, and then shot up.
4th turned out a selling day and 5th equally impactful buying day.
So the price happened to take a short detour.
on 5th managed to stay above channel, and then shot up.