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The Waist Breakout pattern is formed when the price falls below the low of the previous Kagi line. It is a bearish breakout pattern.
In Kagi charts, the Waist Breakout is a bearish swing breakout pattern.
It shows a list of stocks that have triggered a Bearish Waist Breakout 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.