About this document
Breakout vs Fakeout Trading Guide by junaidshaffy is a document available to read on EtoBox.
The document discusses how to identify real breakouts versus fakeouts when trading breakouts. It notes that breakouts from consolidation boxes often result in strong moves but may be fakeouts where price returns to the box. One way to identify real breakouts is to wait for price to touch the edge of the consolidation box after an apparent breakout, as this indicates the breakout level is now serving as support. The document provides examples of trades where waiting for this confirmation of support helped id
- Author
- junaidshaffy
- Language
- EN