4. Breakout
Last updated
Last updated
Break Out is simply a move beyound support and resistance.
Bear Break Out
Bull Break Out
Break Out is break blow/above the line.
Break Out is happending quite often.
In the picture, bearish bar is always trying to break out the previous bar's low. But failed. So the bull trend continues.
Until the large bearish bar breaks out multiple previous bars' low.
Every Bear Trend Bar is a Break Out, every Bull Trend Bar is a Break Out.
Break out success: then it will become trend.
Break out fail: then it will resume trading range.
In here it is a FAILED bear break out, but a SUCCESS bull break out.
