Observations

Observe if presence of bearish candle at start of move like this is reason for breakout failures

Another time where this was the case-

Arguably both the red candle on the far left, and the green candle which closed over the line, but with a bearish wick

Monitor if aggressively coming back into but respecting a breakout range is worth atleast a 2:1 (Hit 3:1 here)

Monitor whether taking these chops back down is worth it , or only waiting for a pullback on them before longing

-1 failure (pic is failure)

-1 success

New breakout failure short strategy (And way to avoid extra losses from failed breakouts)

Strategy is based on their being a wick above the current breakout range potentially being a liquidity zone for taking sells.

Strategy:

Take the long as normal, BUT if the first candle wicks that zone where the overarching wick is present (like in result pic), Cancel your longs and go short. Stop above the wick high

*If the first candle closes into it, that is strength, and can continue the long

More evidence of the breakout failure short method, this one waiting for a close UNDER that zone before going short

third live trade of the failed breakdown working

note: notice it closing above resistance before hitting full tp (above bullish breakout zone) but afterwards continued to full tp and then some (tp was a wick below the green line roughly at 8pm zone)

SEEK OUT FULL TP REGARDLESS OF WHAT ‘SUPPORTS’ seem there

Long play / Short play to enter when price has put in a bullush/bearish wick respectively AND sweeps a liquidity zone

AND perhaps atleast 2+ candles of red formed prior

*Perhaps added credit where the hammer sweeps other liquidity and closes inside (bearishly may be significan)

Entering at rejection candle on 1m would have resulted in 3:1

Added evidence for longs after an extended opposing trend when sweeping liquidity

More examples of sweeping liquidity and closing in range combined with hammer candle