June 2006
Beginner
352 pages
7h 6m
English
book
Technical Analysis Plain and Simple: Charting the Markets in Your Language, Second Edition
by Michael N. Kahn
Content preview from Technical Analysis Plain and Simple: Charting the Markets in Your Language, Second Edition
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Breakout
After a market forms a pattern, it eventually starts a new trend higher or lower. A breakout occurs when prices move through either the supporting or resisting border of a chart pattern. News or market events cause the perceptions of the bulls and bears to change, and one or the other becomes more aggressive in their activities. If it is the bulls, then the market goes up. If it is the bears, then the market goes down.
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A breakout occurs when prices move through either the supporting or resisting border of a chart pattern. |
Breakouts occur with sudden shifts in perception that cause increased activity from an increased number of market participants. Volume usually rises and prices usually move in wider intraday ranges. This is clearly ...
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