Hello everyone! For my 100th analysis I want to give you some of my tips, to make it educational! Let's begin...
I use 3 steps/signs to confirm me that a breakout is a real breakout:
Step 1: 2 consecutive daily candles below or above the trend line, support resistance etc. Step 2: 1 to 3% of price breakout below or above the trend line, support etc. Why? .... A strong move show us a a strong power on the other side of participants. Step 3: Friday close....What is Friday close? Friday close is the end of the week, if the Friday candle close below or above of my levels it means that the power remain on the other side(bullish or bearish). So it is a big probability to continue like this on the next week!