October 8, 2015 at 12:52 pm
Hey BinaryBanker 😉
This is something people have been asking since the beginning of time lol. There is no definite answer to that. If we knew if it was a false break or not, we would all be making BIG bucks would we not? There is no 100% solid way to confirm if the break was legit or a fake out. That is the reality.
Good news – We can stack the odds in our favor and make calculated predictions by using something called “confluence”. The more factors we have stated and pointing in the same direction the better. That is the best you can do regarding your issue. Have some patience and wait for confirmation of a break, rather than jumping as soon as it happens. Sit back and let the market show you the way.
Hope this helps mate!