breakout
/ˈbreɪkaʊt/
when a price moves above a resistance level or below a support level with increased volume
breakout in a sentence
“The breakout above $200 on heavy volume confirmed the bullish trend continuation.”
Origin of breakout
From break + out — breaking free of a containing price range
Related Words
dead cat bounce
a temporary recovery in a declining asset's price, followed by a continuation of the downtrend
head and shoulders
a chart pattern with three peaks — a higher middle peak flanked by two lower ones — signaling a trend reversal
RSI
relative strength index — a momentum oscillator measuring the speed and magnitude of recent price changes, scaled 0 to 100
MACD
moving average convergence divergence — a trend-following momentum indicator showing the relationship between two moving averages
Fibonacci retracement
horizontal lines on a chart at key Fibonacci ratios indicating where support or resistance may occur
overbought
describes a security that has risen sharply and may be due for a price correction