Range Breakout
Trading consolidations. Breakouts from ranges.
Range Types
Tight Range
- Narrow consolidation
- Energy building
- Breakout imminent
Wide Range
- More volatility
- More time to break
- Clear edges
Breakout Trading
Long Setup
Range: Bounded
Break: Above resistance
Entry: On confirmation
Targets: Height of range
Short Setup
Range: Bounded
Break: Below support
Entry: On confirmation
Targets: Height of range
Related
Trade the breakout.