Affordable Probable Breakout – Bullish

The affordable breakout – bullish pattern can be found here.

In this pattern, we identify candidates that may turn out to be bullish breakout trades with affordable entry costs. They are probable double top buy pattern candidates with low risk. You can define the number of boxes in the retracement pattern.

You can check the box-value at which a double top buy pattern will appear to track that level on the chart.

This pattern can be plotted on the chart by adding it from the study menu in TradePoint & RZone. The pattern is also available in the system builder section. By combining this pattern with other patterns and indicators, you can create your own trading strategies. For any group of stocks and market segments, you can scan and backtest stocks based on those strategies.