Investors should use basic Technical Analysis for powerful decision making. I see it as a challenge to demonstrate how useful knowledge of one simple pattern can be to identify price reversals. Recognizing this pattern and acting on it will save much money and headache!
Both traders and investors need to be on guard for false breakout reversals. Seeing this pattern in action can provide an excellent profit target, entry point, or prevent major drawdown!
In this video, I look at examples in the Silver ETF (SLV), Spotify stock (SPOT), and Forex Euro/Dollar pair (EURUSD) for false breakouts and what follows.
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