Definition of «bullish breakout»

The phrase "bullish breakout" describes a situation in investing or trading when the price of a particular asset, such as a stock or cryptocurrency, suddenly rises above a strong resistance level. It suggests that the market sentiment has turned positive, indicating potential future price increases.

Sentences with «bullish breakout»

The Aussie offers many short - term trading opportunities within the context of a longer - term bullish breakout above $ 0.775. (cnbc.com)
Given the recent number of bullish breakouts, it appears rather unlikely the market will penetrate 242.55 any time in the near future. (netpicksetfinvestor.com)
This suggests a longer - term bullish breakout for euro / yen but in the immediate short - term, the support target is near 120. (cnbc.com)
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