Deeper look @ breakout setups.
Blindly selling Lows or buying Highs is a recipe for disaster in the long run.
But the right kind of buildup can legitimize a breakout (BO) entry. When a breakout failure (BOF) does NOT immediately make a strong move in the other direction, you've got to ask yourself -- has the power balance really shifted?
If not, it could just...
See chart for notes.
When a breakout failure DOESN'T immediately create a strong move, ask yourself who's really in control.
BOF's can create powerful moves, but early entrants can also be proved wrong really quickly. If they are, what does that do for your narrative?