$SHELL is holding above the 0.033 level.
False breakouts are pretty common. I usually wait for the candle to close and hold above the level before confirming.
Valid breakouts are often accompanied by a surge in volume, while false breakouts often lack volume. This is the method I use most often to judge them.
False breakouts are pretty common. I usually wait for the candle to close and hold above the level before confirming.
Valid breakouts are often accompanied by a surge in volume, while false breakouts often lack volume. This is the method I use most often to judge them.