Perfect education for a breakout setup!

102 1
This is a breakout out of the book!

look how nicely it formed!

we see a highest high to start from. And then it all goes according to what the textbook says:

"Price will form higher lows and lower highs, until it all collapses and just breaks out."

This is a pattern you should always keep in mind! It is sooo likely to happen, and more important, if you trade 10 of them, and 7 go wrong, but 3 will breakout like this one, you can still make money! Just make sure you have the SL positioned right, your loss will be small, and your win will be extraordinary!

So, this is mainly what I am looking for, unfortunately we have billions of stocks around, and you just cant scan them all...


Comment if you like

Give me some thumbs up!
Kapitalerhalt steht über allem.

Trade what you see, not what you think
really wedge? would it be maybe a triangle (sym.- asc.)?
Home Stock Screener Forex Screener Crypto Screener Economic Calendar How It Works Chart Features Pricing House Rules Moderators Website & Broker Solutions Widgets Charting Solutions Get Help Feature Request Blog & News FAQ Wiki Twitter
Profile Profile Settings Account and Billing Get Help Ideas Published Followers Following Private Messages Chat Sign Out