#BreakoutTradingStrategy

Several strategies for identifying and informing breakouts:

•volume confirmation: an increase in trading volume during a breakout can strengthen the validity of the price movement. If the price moves past resistance or support with high volume, this can indicate a breakout level.

•candlestick patterns: candlestick patterns such as bullish engulfing or bearish engulfing can provide breakout signals. These patterns indicate a strong change in market sentiment.