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Added 2024-06-16 15:37:41 +0000 UTCExamples like this catch a lot of the market out.
If you bought as soon as there was a breakout in these bullish patterns, not a single person would need to work again, it would be that easy to make money.
The forgotten about action is the breakout AND retest of the breakout level, this is vital.
A retest may involve a number of tests too to confirm that the breakout level is a solid support.
Fake breakouts are common and catch a lot of people out.
As we say in our group, ‘Be greedy for support confirmation’
Comments
IQ and AFIRM are on a retest right now
Brian
2024-06-16 16:22:58 +0000 UTCHow do I ensure I don’t get faked out by a breakout if I’m working during trading hours? I typically do my research the night before and set limit orders right above the breakout level.
Perk30
2024-06-16 15:54:59 +0000 UTC
