Sentences with phrase «direction of the breakout»

However, those gaps which are not filled within 3 to 5 trading days, often produce large price movements in the direction of the breakout.

After an asset or security trades beyond the specified price barrier, volatility usually increases and prices will often trend in the direction of the breakout.

Once price breaks above or below a key level it will typically come back and retest it before pushing off again in the direction of the breakout.

They believe in trading in the direction of the breakout.

In the late consolidation pattern the stock will carry on rising in the direction of the breakout into the market close.

Often times price will fall back to the channel line in order to retest the level and then reverse and continue on in the direction of the breakout.

The best way to avoid this trap is to simply wait until there is a clear close outside of the trading range on the daily chart, and then you can begin to look for price action trading signals in the direction of the breakout.

However, as a general rule, it does not indicate the direction of the breakout.

While symmetrical triangles do signal a likely breakout, the pattern displays the uncertainty that traders are experiencing, consequently the direction of the breakout is also uncertain.

Traders then typically put on trades in the direction of the breakout.