What happens after breakout?
What is breakout pattern?
The kind of trader that uses the strategy of breakout trading is called a breakout trader. This trading strategy tactic searches for areas or levels that a stock has been unable to move above and beyond. A trader who practices this method waits for these stocks to move higher.
This is also called a confirming signal for a major move in the market. In practice, breakout is most commonly referred to a situation in which the price breaks out above a level of resistance and moves higher beyond the initial resistance. Quite often, stocks have huge moves once they breakout.
What is breakout pattern?
The kind of trader that uses the strategy of breakout trading is called a breakout trader. This trading strategy tactic searches for areas or levels that a stock has been unable to move above and beyond. A trader who practices this method waits for these stocks to move higher.
This is also called a confirming signal for a major move in the market. In practice, breakout is most commonly referred to a situation in which the price breaks out above a level of resistance and moves higher beyond the initial resistance. Quite often, stocks have huge moves once they breakout.
