$AIN
What the hell?
It’s been choppy for so long—up for two days, and then one day all the losses are wiped out
The essence is a double squeeze: both sides get wiped out as longs and shorts keep getting swept
First, it rallies to break above the previous high and stops out the short side
Then it drops and breaks below the support low point, sweeping out the long side
So if it’s not a true breakout after a long range consolidation, it’s usually a fake breakout. Don’t chase longs. AIN—did you get caught?
What the hell?
It’s been choppy for so long—up for two days, and then one day all the losses are wiped out
The essence is a double squeeze: both sides get wiped out as longs and shorts keep getting swept
First, it rallies to break above the previous high and stops out the short side
Then it drops and breaks below the support low point, sweeping out the long side
So if it’s not a true breakout after a long range consolidation, it’s usually a fake breakout. Don’t chase longs. AIN—did you get caught?
