How to Identify Stock Indices Breakout Pattern

A range indices consolidation stock indices chart pattern is a trading range with narrow stock indices price action that forms a consolidation period in stock index market. The indices trading range is defined by two parallel indices trend lines which are horizontal and these trend lines indicate the presence of support levels and resistance levels at this particular area. Range consolidation stock indices chart pattern is drawn on a indices chart using a range, therefore thus its name indices range stock indices trading chart pattern.

For this indices consolidation stock indices chart pattern, stock indices price forms a series of highs and lows that can be connected with horizontal indices trend lines that are parallel to each other. Range consolidation stock indices chart pattern forms over an extended period of time giving this stock indices chart pattern its range shape.

Flat Top Breakout Pattern - A indices breakout of stock indices price action from this range consolidation stock indices chart pattern occurs when either of the horizontal line is penetrated and the indices trading range of this range indices pattern is broken. An upside stock indices price breakout is a buy indices signal. A downside stock indices price breakout is a sell indices trade signal.

How to Trade Indices Breakouts - How to Identify Stock Indices Breakout Pattern - Indices Breakout Pattern Strategy

Indices Price Breaks Out of the range consolidation pattern after a period of time and stock indices price continues to move upwards after an upwards stock indices price breakout.

How to Trade Indices Breakouts - How to Identify Stock Indices Breakout Pattern - Indices Breakout Pattern Strategy