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Correct breakout and correct breakout in technical analysis?
Correct penetration
- Closing above the broken point with large volume: indicates strength in the upward trend.
- Rise: After the breakout, the price rises.
- Return to the breakout point: The price often returns to the breakout point before continuing to rise.
- Stability: After returning to the broken point, the price stabilizes above it.
- Closing above the broken point with large volume: indicates strength in the upward trend.
- Rise: After the breakout, the price rises.
- Return to the breakout point: The price often returns to the breakout point before continuing to rise.
- Stability: After returning to the broken point, the price stabilizes above it.
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