Breakout candle followed by a narrow range to us shows weakness with following of a strong trend candle we see as an climatic aka fakeout we see it happen macro n micro. And after the fakeout comes the real -out. Evidently the high to low connection makes a m pattern.
As the first leg( breakout) into the second leg the (realout) following the narrow range
As the first leg( breakout) into the second leg the (realout) following the narrow range
