Breakouts are some of the tougher environments for traders, and understandably so because they represent potential, but often fail.
I’ve already written an article for trading breakouts Post-Breakout, but what about the Pre-Breakout moments where you have to make that key decision to trade it or not?
How do you identify them and what are the key elements that precede strong breakouts?
This is the key point of this article – to give you 3 tips for identifying a soon to be strong breakout so you don’t get trapped in a false breakout.
I will go over the three elements you will want to find before considering a breakout, then briefly highlight what is behind them from an order …... Keep reading