✊ Support and Resistance: support and resistance trading, false breakout...

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Indicators:
EMA 3 (blue)
EMA 20 (yellow)
EMA 50 (orange)
EMA 100 (red)
EMA 200 (purple)

Bollinger Band Period 20 Deviation 2 (green)
Bollinger Band Period 20 Deviation 1 (white)

False breakout patterns are one of the most important price action trading patterns to learn, because a false-break is often a very strong clue. Frustrated by false breakouts when day trading? Turn the tables and profit off of them. Here's how and why to trade a false breakout strategy. No matter if you're an investor, day trader or swing trader, you are exposed to the whipsaw of the danger zone - and it may be hurting you if you act impulsively.

A false breakout is when price temporarily moves above or below a key support or resistance level, but then later retreats back to the same side as it started. This is the worst case scenario for a breakout trader that enters in a trade as soon as price breaks. A breakout is a stock price moving outside a defined support or resistance level with increased volume. A breakout trader enters a long position after the stock price breaks above resistance or enters a short position after the stock breaks below support. Breakouts occur in all types of market environments.

Breaks can occur higher or lower. A crash is an extreme form of a break to the downside. If a break is large enough, it will trigger safety measures by the exchange to temporarily halt trading for a limited period or the rest of the trading session. A breakout box is a critical piece of electrical test equipment used to support integration testing, expedite maintenance, and streamline the troubleshooting process at the system, subsystem, and component level by simplifying the access to test signals. Exit if a false breakout occurs in the opposite direction of your trade. The strategy works well because you are only trading false breakouts which align you with the dominant trend. You can still trade normal breakouts in the direction of the trend (which are more likely to work out anyway).

Trading Away From False Breaks. Now that you know how to identify these false moves let's dive into how you can take advantage of them. Just like the pin bars we use when trading price action, a breakout that immediately fails is a sign of strength or weakness.