Real breakout vs fakeout, possible to identify them?

expanding triangle vs converging triangle

usually converging then expanding will follow

There is no fake movement on the market. Every price movement has its considerations. But among these considerations, you can consider some reasons that probably can motivate some traders to counter-trade. Among these reasons, I like to name static S-R levels (especially round numbers) and dynamic (most-used) moving averages. The logic is of course MTF and that is why trading is hard. All is about the chance of winning. more reasons, higher chance of winning.(I think no more than 70% of winners one could achieve).

Have you heard of "Spoofing" ?

Hey since80808!
Unfortunately all my candlestick based strategies are on hold now. I'm not using them since RickM told me how to use volume
After that I stopped using any strategy based on candles and time because it really make no sense. But I still use a strategy like LOPEN to buy crypto. But I can't call it trading, it is like a pension fund may be. I just buy it every day with reverse rules of LOPEN (not London open used, but Asia open in this case).

well if you take 1 pis of cake call break out , it miss leading , if any body can make every break out work , the market will be outed by some one ,
so , what si break out , break out is aretracement of the market , if you familiar with fib , you pull the fib you will she where it retrace a
@ golden ratio and then you can decide where the market will go , remeber ta is not a bullet proff strategy , it just giving an edge to the trader
it is every body game

ot is not fair to pick up a leaf with out knowing what tree it come from

The better way to trade is ofc if you're right at the beginning of a turning point where the aggressor starts his move and where price can move/run for 1-3 Dollar in the SPY.

If you really understand the intraday orderbook/map/blocks, orderflow, (cum.) delta, iceberg orders, absorption, who is in control/where is/sits the (hidden) aggressor, ALL and EVERYTHING in the right context, this exact/very point in time can even be made visible with the right data/settings way before the price even reaches a support/resistance level.

After that you can also distinguish a breakout from fakeout much easier (most of the time) because you can see how and what they're doing.