REVERSAL OR NOT?✅ If Price Breaks Above:
Enter long (buy) on breakout above the upper orange line.
Use the height of the range to project a potential target (as shown by the blue upward arrow).
Stop-loss typically goes below the range (lower orange line).
❌ If Price Breaks Below:
Enter short (sell) on breakout below the lower orange line.
Target = range height projected downward (blue downward arrow).
Stop-loss typically goes above the upper range line.
Wait for strong confirmation (volume, candle close, or momentum) before entering a breakout.
False breakouts are common in tight consolidations, so risk management is key.
