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SM Stock Market Method

Failed Breakout = Free Money #shorts

TL;DR

Full video: https://youtu. be/gIjHzAcokvw Failed Breakout = Free Money.

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Where this fits in the Confluence Method

This lesson lives in the Stack step of the Confluence Method, where you confirm a trigger and a key level before a setup qualifies as a trade.

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Full transcript

1 sections

0:00When a 20-day breakout fails inside two bars, the reversal is one of the cleanest trades in markets. Turtle soup is the failed breakout. Price sweeps the 20-day high, closes back inside the prior range, and reverses hard. Short on the close back inside, stop at the swept high. I walked through a turtle soup short on ENQ in the full video, link in the description.