Failed Breakouts strategies

By Ankit Chaudhary

English

₹ 199

499 60% off

Pre-requisites

A Failed Breakout can be defined as a ‘deception’ by the market; a test of a level that results in a break of that level but the market then retracts and does not sustain itself above that level Breakouts commonly occur at designated resistance and support trend lines. 

A Failed breakout occurs when a price moves through an identified level of support or resistance but does not have enough momentum to maintain its direction. This is the worst case scenario for a breakout trader who enters in a trade as soon as price breaks out from a pattern.

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