Hello traders! today I will be going over what a fakeout breakout is and why Its important to wait for resistance to break AND hold if you are playing the breakout.
What is a fakeout breakout? this occurs when the price has a nice move past a strong resistance or support zone! but quickly goes back where it was before :(
On my ford chart I pointed out how it has had fakeout breakouts to both sides!
I hope you learned something/enjoyed this post! like and follow for more 💘
What is a fakeout breakout? this occurs when the price has a nice move past a strong resistance or support zone! but quickly goes back where it was before :(
On my ford chart I pointed out how it has had fakeout breakouts to both sides!
I hope you learned something/enjoyed this post! like and follow for more 💘
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.