After breaking the resistance, price went to up
When price breaks a Support or Resistance level, we usually call it Breakout. Breakout occurs with high volume and big movement.of price.
Some investors follow Breakout Trading Strategy/Technique i.e. they buy shares when price break the resistance level and sell share when price break the support level. Please check some previous chart and I hope you will find that several successful trend started after a breakout. A portion of my capital, I invest according to the Breakout Trading Strategy/Technique.
No trading system/technique is 100% accurate. So, you may sometimes caught by breakout, usually we call it - "Fakeout". Please see the below Chart -2 :
After breaking the resistance, price went to down
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