📊 Good vs Bad Breakouts — Candlestick Edition 🔍
Want to filter false breakouts from real ones? Focus on where the candle closes within its range:
✅ Good Breakouts (High Probability Entries):
🔹 Bullish Breakout (Top Right)
Candle closes above 62% of its total range
Strong body, tiny wick = buying pressure
📈 Great for long trades
🔹 Bearish Breakout (Bottom Right)
Candle closes below 38% of its range
Strong close, small wick = selling strength
📉 Great for short trades
❌ Bad Breakouts (Traps to Avoid):
🔸 Bullish Trap (Top Left)
Closes near 25% with long upper wick
Rejection candle — often a fakeout
🚫 Avoid buying
🔸 Bearish Trap (Bottom Left)
Closes near 75% with long lower wick
Weak selling — possible reversal
🚫 Avoid shorting
💡 Pro Tip: Combine with volume confirmation for the best breakout trades
