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False Breakout Strategy: A powerful strategy.
August 2@3:00 pm - 4:00 pm
Free
First things first, before you can learn how to use false breakouts to your advantage, you need to know what they are and how to identify them. A false break, or breakout, as the name implies, is a move (and subsequent close) above or below resistance or support, respectively, followed by a reversal that fails to respect the broken level as new support or resistance.
