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Signs of Fake Turtle Soup

Romeo discusses signs that can indicate whether a breakout in the market is real or fake. These include liquidity taken, closing through a level with multiple candles, and acceleration away from the level. He provides examples of charts showing real breakouts that include consolidation, expansion, retracement, and further expansion. Romeo also notes that in trending markets, false breakdowns are typically assumed to be false by default.

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816 views9 pages

Signs of Fake Turtle Soup

Romeo discusses signs that can indicate whether a breakout in the market is real or fake. These include liquidity taken, closing through a level with multiple candles, and acceleration away from the level. He provides examples of charts showing real breakouts that include consolidation, expansion, retracement, and further expansion. Romeo also notes that in trending markets, false breakdowns are typically assumed to be false by default.

Uploaded by

AAKGW
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
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Download as PDF, TXT or read online on Scribd
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Romeo

@Romeotpt

11 Tweets • 2023-02-13 •  See on Twitter


rattibha.com 

The warning signs of fake turtle soup (true breakouts):

• Opposing liquidity taken.


• Close through level with two candles.
• Close through with 3 candles leaving fair value gap
behind.
• Acceleration away from level instantly from the fvg
left behind

Final one:

Consolidation - expansion (real breakout) -


retracement - expansion (real breakout).
Example:

For the notes:


• Original consolidations of MMxM are real breakouts.
(Cons - exp - retr - exp)

Another example of a real breakout:

Another one:
https://video.twimg.com/tweet_video/Fo3U

V-hXwBoTw7K.mp4

Last example
Note the difference:
End of thread "Real breakouts".

@traderbloum That's the first thing,

Second thing:

Which market profile are we in?

Trending? Consolidating? Chopping? Reversal?

@traderbloum In uptrending markets with a "up" bias,


False breakdowns are assumed to be false by default,
And vice versa.

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