DislikedNot a good example though that you got just posted above. I always say that ascending resistances and descending supports should not be traded on break-outs at all. My second point is that a false break is as good as a real one because it just confirmes that the market has chosen the opposite direction for its next near-term trend. I mentioned about it in my book as well.
As to the practical use of that "discovery" I would say that there are so many ways to go around without facing that particular problem that I wouldn't even bother to make a deeper research on the issue.Ignored
I close this discussion with you then
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Measure twice, cut once