2022-12-06 13:03:54
Solution against Fakeout (Bear & Bull Trap)
How to Trade Fake out?
The upward movement has begun, but if Price is moving slowly like a caterpillar on trend & supply&demand (Chart 1), and if a hard fast breakout has not come this means; the breakout is likely to be fakeout. A fast movement including Momentum (Chart 2) is required at the area.
Inverse H&S pattern, which we can see on Chart 3-4, remains a Bull Trap because it didn't perform a Momentum breakout on the neckline.
at Double Top formation on Chart 5-6, a bearish candle similar to Marubozu was not supported by other bearish candles and remained a Bear Trap.
𝐁𝐚𝐫𝐭 𝐒𝐢𝐦𝐩𝐬𝐨𝐧 is one of the Fakeout Patterns which should also be known: (Chart 7-8) A consolidated area forms on the top, up and down tides without volume are observed, followed by price dump with high volume.
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Türkçe açıklama linki:
https://t.me/Gem100xSociety/985
287 viewsedited 10:03
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