Trading The Failure Of Technical Patterns by Fawad Razaqzada
Yes, you can potentially trade patterns profitably even when they fail. Heres how to spot and take advantage of these types of opportunities.
In my article in the March 2019 issue of STOCKS & COMMODITIES, I described trading the fakeout. I noted that from false moves come fast moves in the opposite direction. The idea behind that approach is to look for false breaks occurring above previous highs and below old lows ...