Types of FALSE BREAKOUTS
Quick image to reflect the types of false breakouts that occurr the most in the financial markets.
Beware of the importance of VOLUME to determine if its a legit breakout or just another trap.
Basically good breakouts are those that break WITH volume!!
Credits for the image to @excavo
Great show and tell, do you have any examples of good breakouts w/volume.
Just made a post with that's going on today to show a good example of breakout with volume.
Check it out! https://steemit.com/steemit/@luiggih/monero-xrm-usd-breakout-with-volume