What is Breakout?
When the price of an asset moves above a resistance level or below a support level with increased volume.
In-Depth Explanation
Practical Example
"Gold breaks out of a 6-month consolidation pattern, leading to a massive rally."
Related Terminology
Resistance
A price level where a rising market finds selling pressure and struggles to break above.
Support
A price level where a falling market finds buying interest and struggles to break below.
Bull Market
A market condition where prices are rising or expected to rise.
Bear Market
A market condition where prices are falling or expected to fall.
Tradeable Instruments Affected
Tactical How-To Guides
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