Trading without Indicators continued…
Whenever Price touches a particular level on a specific “Time Frame” multiple times, that level tends to become weaker. S/R levels are strong for first 1-3 attempts, post which the strength of holding that level loses it’s intensity.
Breakout or Fake-Out? Try it with Re-Test Mantra
Most of us get trapped in Breakout & Fake-out! The danger part of Fake-outs, if not controlled, becomes Freak-outs with our Trading Capital! Let’s have a look at Nifty – 15 min Chart
But before Actual Breakout happens, there is a Fake-out made to deceive opponents! This is intentionally created to eat out last lap of all orders & then price goes like a Rocket!
So what is this Fake-out & how do we identify it? Stay tuned for more!