The Anatomy of a Failed Breakdown 🌤️ The Morning Print
Good morning!
You’ve likely heard the saying: From failed moves come fast moves in the opposite direction.
Today, we’re looking at Circle Internet Group ($CRCL) to see how that principle has played out in real time.
Here's the setup.
The structure on this chart is what we refer to as a “Not a Zero” pattern.
Price undercut major support and broke to fresh all-time lows, only to reverse sharply higher.
It then gapped back above former support, trapped late shorts and forced them to cover as momentum accelerated to the upside.
Circle now has a five-day rate of change of roughly 62% — an explosive move for a stock that was previously down 83% from its all-time high.
Failed breakdowns like this can be incredibly powerful, and you don't want to be positioned on the wrong side of one.
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