Flat Top Breakout Pattern

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

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

Flat Top Break-out Pattern - A stocks trading breakout of stocks price action from this range consolidation pattern forms when either of the horizontal line is penetrated and the stocks range of this range stocks pattern is broken. An up side stocks price breakout is a buy signal. A downside stocks price break-out is a sell signal.

Flat Top Break-out Pattern - How to Trade Stocks Breakouts - How to Identify Stock Break-out Pattern - Stocks Break out Pattern Strategy

Stocks Price Breaks Out of the range consolidation pattern after a period of time and price continues to move upwards after an upward stocks price breakout.

Flat Top Break-out Pattern - How to Trade Stocks Break-outs