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Breaking

A breakout triggers the buying or selling pressure that has built up during a pattern’s formation. Volume should increase sharply as the breakout occurs. The breakout’s first reaction might travel back into the pattern, but any delay in resuming the breakout’s trending should be brief.

Following are examples of patterns and their breakouts. Each is linked to more examples of the pattern:

Ascending Triangle

Channel

Complex Triangle

Descending Triangle

Double Bottom, Double Top

Head & Shoulders

Island

Wedge

Rounding Bottom, Rounding Top

Symmetrical Triangle