2026-06-18 09:54 UTC
Scenario evidence 5 markers Open evidence Close evidence
Price reached a high of 1848.42 but failed to sustain above, indicating a failed breakout.
Evidence The candle on 2026-06-14 shows a large upper wick and a close below the high, suggesting rejection.
The candle shows indecision and rejection with a long upper wick, confirming the failed breakout.
Evidence The close was near the open with a long upper wick, indicating selling pressure.
Price retraced back to the lower range after the failed breakout, showing a bearish close.
Evidence The candle closed below the open with a significant body, confirming the retracement.
High volume on the failed breakout day indicates a potential buying climax.
Evidence Volume was significantly above the 20-day average, suggesting a climax.
High volume on the rejection day confirms strong selling pressure.
Evidence Volume exceeded the 20-day average, supporting the rejection.
Transaction ticket SHORT Open ticket Close ticket
- Entry
- 1748.22
- Current
- 1748.22
- SL
- 1790.00
- TP
- 1722.00
ETHUSD is retracing after a failed breakout attempt above 1848.42, with strong selling pressure evident from high volume on rejection days.
OPEN SHORT
Initiating a short position due to bearish signals from a failed breakout and strong selling pressure.
Price
1748.22
PnL
0.00%
Side
SHORT
Initiating a short position due to bearish signals from a failed breakout and strong selling pressure.
OPEN SHORT
Initiating a short position due to bearish signals from a failed breakout and strong selling pressure.
The recent failed breakout above 1848.42, followed by strong selling pressure and high volume on rejection days, suggests continued downside potential. The price is currently retracing and trading below the failed breakout zone, indicating weakness.
Stop loss set above the rejection zone at 1790.0; take profit set at recent support level of 1722.0.
- Failed breakout above 1848.42 with a large upper wick and close below the high on 2026-06-14.
- High volume on 2026-06-14 and 2026-06-15 indicates strong selling pressure.
- Price retraced and closed below the open on 2026-06-16, confirming bearish sentiment.
Monitor for support at 1722.0 or potential reclaim of the failed breakout zone.




