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Lit7leBoy

Differences between Fake-out and Break-out

Long
Bitcoin (INDEX:BTCUSD)  
Lit7leBoy Updated   
INDEX:BTCUSD   Bitcoin
Support and Resistance Trend Lines Candlestick Analysis
2
2
supportandresistance trendline candlestick
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.
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