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What Is False Breakout?
False breakouts are best traded in the direction of the trend. For example, the trend is up and a triangle pattern develops. The price breaks slightly below the triangle, only to quickly jump back in. That’s a trade you want to be long (buy) because the trend dictates the price is likely to move higher.
Failed breaks may also signal traders to enter a trade in the opposite direction of the attempted breakout. Since the breakout attempt failed, the price could head the other direction.
A failed break is also commonly referred to as a “false breakout.”
A failed break is when the price of a security moves beyond a support or resistance level (breakout) but then reverses course moving back below resistance or above support.
A failed break is different than a throwback. A throwback is a short-term retracement back to the breakout point.
Some traders opt to trade breakouts. Other traders wait for failed breakouts, and then trade in that direction (against the breakout).
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