Patterns › Breakout
Market structure
Breakout
Price closed above resistance on strong volume. The ceiling broke.
How often it worked
| Market | Times found | Target first | Stop first | Went nowhere |
|---|---|---|---|---|
| India (NSE) | 31 | 36% | 61% | 3% |
| United States | 24 | 33% | 62% | 4% |
| Japan | 12 | 50% | 50% | 0% |
| Crypto | 410 | 40% | 56% | 4% |
| Commodities | 12 | 25% | 50% | 25% |
Counted on real past charts by the Trading Class research engine, 489 cases in all. Past odds, not a forecast.
How to practise it
Did price break out? Then decide: buy, sell, or wait? In the app, 36 real examples of the breakout wait for you across 5 markets, and you say what happened next before the chart shows you.
Lesson: When the floor becomes the ceiling.
Related
Support bounce · Resistance rejection · False breakout · Gap up · Gap down