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Main Fakey. Nial Fuller
This is a classic variant, as one or more false candlesticks break the high or low of the mother candlestick, before rolling back in the opposite direction. Thereby forming a false breakout of the mother candle.
It is possible to enter here after the initial false-break, or on the break in the opposite direction of the parent candle, on the breakout of the inside bar, or on the 50% rollback of the false candle, if it is a nice and obvious pinbar with a long tail. The classic fakeout is an entry on the breakdown of the inside bar or the mother candle, but if you got the obvious pinbar, you can enter on 50% of its rollback.
The basic fakeout sets come in two forms. They are either a pinbar in the role of a decoy candle or two candles in the same capacity. One breaks the high or low of the parent candle, and the other pulls back in the opposite direction.
Main Fakey. Nial Fuller
This is a classic variant, as one or more false candlesticks break the high or low of the mother candlestick, before rolling back in the opposite direction. Thereby forming a false breakout of the mother candle.
It is possible to enter here after the initial false-break, or on the break in the opposite direction of the parent candle, on the breakout of the inside bar, or on the 50% rollback of the false candle, if it is a nice and obvious pinbar with a long tail. The classic fakeout is an entry on the breakdown of the inside bar or the mother candle, but if you got the obvious pinbar, you can enter on 50% of its rollback.
The basic fakeout sets come in two forms. They are either a pinbar in the role of a decoy candle or two candles in the same capacity. One breaks the high or low of the parent candle, and the other pulls back in the opposite direction.
