Differences between Fake-out and Break-out
Fake-out: the price breaks out then comes back immediately, the second bar comes back and eliminate the break-out candle. The volume is also low.
Break-out: the price breaks out with the following of the multiple candle sticks that move and stay above the neckline. The volume is also high. When the price breaks out, it usually re-test the support zone below it before going higher and stronger.
Break-out: the price breaks out with the following of the multiple candle sticks that move and stay above the neckline. The volume is also high. When the price breaks out, it usually re-test the support zone below it before going higher and stronger.
Note
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.