Breakouts
Price coils under a clear ceiling, tests it again and again, then pushes through on a burst of volume.
What we look for
- A flat resistance line the stock has rejected off multiple times
- Tightening range and quiet volume into the level (supply drying up)
- A decisive close above resistance on expanding volume
The trigger
The break and hold above the ceiling. That prior resistance is the line we then watch as new support.