You may have heard the phrases Breakout, Breakout Point, and Breakout Level thrown around, but not yet have a firm understanding of what they mean.
What is a Breakout?
A Breakout refers to a security's price movement through a historical resistance level. A breakout typically precedes heavy trading volume and increased volatility.
What is a Breakout Point?
A Breakout Point or Breakout Level is the specific candlestick or other chart point at which the breakout is confirmed or fails.