Dechra Pharmaceuticals Fake-Breakout

Dechra Pharmaceuticals Fake-Breakout


Last post: June 3rd. See chart.

Review: Price was approaching the resistance level .

Update: Since the last post, price broke above the resistance level but has failed to stay there and has now fallen back below that level. The breakout was a fake breakout.

Conclusion: We need price to break the resistance level again and stay above it before looking for trading opportunities.

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