Will-123 PORTALLATINO
--
Types of Breakout:
Here I show you the most common types of breakouts and their summary for trading:
1. Resistance Breakout (Bullish): The price breaks and moves above a key resistance level. It is a buy signal, indicating that the asset could start an upward trend.
2. Support Breakout (Bearish): The price breaks and moves below a key support level. It is a sell signal, suggesting that the asset could start a downward trend.
3. Chart Pattern Breakout: The price breaks a technical figure (such as a triangle, flag, or rectangle) that it has been forming. This often indicates a strong movement in the direction of the breakout.
1. Resistance Breakout (Bullish): The price breaks and moves above a key resistance level. It is a buy signal, indicating that the asset could start an upward trend.
2. Support Breakout (Bearish): The price breaks and moves below a key support level. It is a sell signal, suggesting that the asset could start a downward trend.
3. Chart Pattern Breakout: The price breaks a technical figure (such as a triangle, flag, or rectangle) that it has been forming. This often indicates a strong movement in the direction of the breakout.
Disclaimer: Includes third-party opinions. No financial advice. May include sponsored content. See T&Cs.
30
0