Breakout

A move out of a range or through a level that had previously held.

In plain English

A breakout is only confirmed after the fact. Many attempts fail, which is why the plan needs to say what a failed breakout looks like before you enter one.

Example

After weeks capped at 105, price closes at 108 on above-average volume.

Technical Analysis

See also

We count page views to see which lessons help. No ads, no profiling, no data sold. You can say no and nothing here stops working. Privacy policy