Amber enterprises showing false breakout?

Oct 20, 2020

Amber enterprises showed a breakout yesterday and many buyers entered here because of the breakout
But do you know it's a false breakout?
lines reference:
dark blue-resistances
cyan blue-supports
yellow-both acting as support and resistance.
Guys please first like and comment :)
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Ok...Now I was telling that amber enterprises has shown a false breakout because:
1) the stock form Abandoned Baby bearish candlestick pattern which forms only on a false breakout and doesn't form on a true breakout.
2) the stock came in overbought zone.
3) Although the stock breaked all the resistances but the resistances are so strong that they are pulling the stock to the consolidation channel.
4) The stock also made a new resistance here after this false breakout.
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Alert for you guys :)
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Oct 20, 2020

Note

double top formation today.
now it's sure that it's false breakout

Oct 24, 2020

Note

double top really affected the stock and pulled it in a strong downtrend.
guys my another successful trade was done here for you :)
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