The fakeout or a false break is by far my favourite reversal pattern. Knowing how to identify such setups can be very rewarding if traded correctly – hence the saying that from false breaks come fast moves in the opposite direction.

You can learn more about this on Investopedia so I won’t bore you. Instead I have created a video on silver to show you exactly how this pattern looks like and how you could trade it. So without further ado, here it is:

 

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