Breaker Block on HYPE 6H
Breaker Block
LongA bullish breaker block on the 6-hour chart. Here is where it sits and how this pattern has behaved in the past.
Entry sits near $83.14, with invalidation at $81.81. This style holds the full position toward the room near $89.77. A close below $81.81 ends the idea.
Advanced stats+
Not financial advice, and never a buy or sell call. Past performance does not predict future results. See how these numbers are computed.
What formed
A Breaker Block formed on HYPE 6H. Historically this pattern on HYPE 6H resolved toward the first target in 54% of 24 instances before touching invalidation, with an expectancy of +0.25R per instance. This is descriptive analysis of a chart structure, not personalized guidance.
A breaker block is a failed order block: once price breaks through an order block, that same zone can flip roles, support becoming resistance or resistance becoming support, and act as a barrier when price returns to it.
It forms when an order block is decisively broken, then retested from the other side. The flip in role is what turns a spent order block into a breaker.
Other breaker block formations
FAQ
Related
- ConceptOrder BlockThe last opposing candle before a strong, imbalanced move, a zone price often reacts to on the return.
- ConceptMitigation BlockThe origin candle of a move that price returns to in order to fill leftover orders before continuing.
- ConceptBreak of StructureA decisive close beyond the most recent swing point in the trend direction that confirms continuation.