A brief move beyond a level, often only by a wick, that does not hold. Fakeouts are usually faster and shallower than failed breakouts.
How traders use it: Traders reduce fakeout risk by requiring a close, a retest, or a higher-timeframe confirmation.
Common mistake: Moving the stop beyond each fakeout until the risk is far bigger than planned.
Related: Failed breakout · Liquidity sweep · Wick (shadow)
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Concepts only. Education only, not financial advice. No pattern on this site has a published win rate.