What is Breakout
Hyphen Candles
Drawing Breakout Lines
A breakout is a Candle's Body Breakout above the Body of the Range. Sloping Lines have no role here!
By Body, mean wicks not considered of the range. Illustrated below.
Position Of Gap
Position of Gaps either at bottom or above accumulation zone are best.
Gap within a uptrend gets filled. >5% Gap referred. Gaps retested for support has timid momentum.
ATH Gaps - Gaps that are above previous ATH are the most reliable of all the Gaps! Excel Industries in recent times !
