Trading Strategy
Breakout Strategy
Trading the move when price clears a well tested resistance level on rising volume.
intermediate
swing
Entry rules
- 1 Price closes above resistance tested at least twice
- 2 Volume at least 1.5x the 20 day average
- 3 No major earnings event within days
Exit rules
- 1 Target set one measured move above the breakout
- 2 Stop below the breakout level
- 3 Exit if price closes back inside the range
Live setups using this strategy
All signals| Symbol | Price | Entry | R:R | Confidence |
|---|---|---|---|---|
| QNST | 19.09 | ••.•• | 2.67:1 | (95%) |
| UI | 687.35 | ••.•• | 2.42:1 | (95%) |
| OGN | 13.85 | ••.•• | 2.00:1 | (95%) |
| ELAN | 26.87 | ••.•• | 2.02:1 | (95%) |
| BILL | 53.89 | ••.•• | 2.21:1 | (95%) |