A Breakout is a decisive move of price beyond a defined level — a support, resistance or the boundary of a chart pattern. It signals that one side has won control and often starts a new directional move.
How traders use it
- Look for a close beyond the level, not just a wick.
- Rising volume on the break adds conviction.
- Beware false breakouts that quickly reverse back inside.
See it in dtcharts
Mark support, resistance and structure on any chart in the dtcharts terminal with the drawing tools.