Disliked{quote} Hi Nordling00 Fake Out vs Correction My apology that I have to disagree with your statement. I hope that's okey to disagree on technical not personal level. The move is look more like correction because it if it is fake down, it must have broke some support zone. Which in this case, none. Another character on Fake Out, it normally are very shallow and swift, whereas the Friday move (i,e correction) was four hours long in the making and completed itself as Compression. Compression it is where accumulation session by Institutional Trader and...Ignored
So back to the topic, i see your point and it makes sense honestly. I am not so good at TA, so i call all of them pullbacks, false/fake breakouts It looks like i used the wrong term for the last day's move. It was a correction.
I don't know if i still be able to edit my post where i called it "fake" but i will correct it if i can.
Thank you for correcting me bro. If someone does correct me in a respectful manner, i will be sure that they have good intentions. So thank you for that as well.
I hope you are having a good weekend, best regards.
Serhat Arca Kaynak a.k.a Nordling
Wolves hunt, dogs bark.
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