Looking at $SPX technicals here—curious to get some trader perspectives on this. When you spot what appears to be a false breakout (that orange circle in the chart), does it automatically invalidate the underlying trendline, wedge, or pennant structure? Or does this kind of thing sit more in subjective interpretation territory? The price action seems to suggest consolidation, but I'm wondering if breaking through and pulling back instantly wipes out the original pattern setup or if it's more nuanced than that.

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shadowy_supercodervip
· 18h ago
Fake breakouts, to be honest, more people look at the charts than those who follow the market...
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TopEscapeArtistvip
· 18h ago
Fake breakouts, to put it simply, are just the market manipulators shaking out positions. From a technical perspective, it's indeed ambiguous... I think that if the MACD golden cross hasn't appeared yet, then don't trust the original wedge pattern for now.
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MidnightSnapHuntervip
· 18h ago
Fake breakouts are really hard to see through; most likely, it's just the big players shaking out the weak hands.
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OnChainSleuthvip
· 18h ago
False breakout is just a scam; mainly, it's about whether the daily breakout has stabilized.
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fren.ethvip
· 18h ago
Fake breakouts are something even veterans understand; chart patterns are basically a game of probability, right?
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potentially_notablevip
· 18h ago
Fake breakouts, to be honest, there are no absolute rules; it all depends on how you interpret them.
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