How to Trade Fakeouts
Trend lines
In fading breakouts, always remember that there should be
SPACE between the trend line and price.
If there is a gap between the trend line and price, it means
price is heading more in the direction of the trend and away from the trend
line. Like in the example below, having space between the trend line and price
allows price to retrace back towards the trend line, perhaps even breaking it,
and provide fading opportunities.
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