Fakeout vs Opening Range Breakout (ORB)

A fakeout is a false price breakout where the market briefly moves beyond a key support, resistance, or consolidation level before reversing sharply back inside, trapping traders who entered on the break.

The Opening Range Breakout (ORB) is a day trading strategy that enters a position when price breaks with volume confirmation above the Opening Range high or below the Opening Range low, anticipating directional continuation.