Multi-Column Breakout-Bullish

Developed at Definedge.

Multi-column breakout pattern is a 5-column major bullish resistance breakout pattern.

It is a combination of triple top buy and diagonal triple top buy. The only difference is the boxes in the 3rd column of the pattern. There are either 2 boxes above the previous column of X, or they are at the same level.

This pattern shows a major bullish horizontal pattern breakout, and it is a very bullish pattern.

Prashant Shah introduced this concept and explained this pattern in his book on Point & Figure charts.

Click here to learn more about the pattern.

This pattern can be plotted on the chart by adding it from the Add study menu in TradePoint & Patterns in 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.