#BreakoutTradingStrategy

My preferred method for breakout trading involves identifying strong consolidation patterns, like triangles or rectangles, on the 1-hour or 4-hour charts. The key is patience. I wait for a clear, high-volume candle to close decisively above a resistance level or below a support level. To avoid false breakouts, I always wait for confirmation, which could be a retest of the broken level that then holds. For instance, if a stock breaks resistance, I want to see it come back down, touch that old resistance (which should now act as support), and bounce off it. This confirmation gives me a much higher probability entry point for a sustained move. #BreakoutTradingStrategy