Trading breakouts

A breakout occurs when the price moves decisively outside of the channel's boundaries, signaling a potential new trend or an acceleration of the current one. In an uptrend, special attention is given to a break below the lower boundary, as this may indicate that the trend is weakening or reversing.

Conversely, in a downtrend, a break above the upper boundary can signal that the trend is losing momentum.

You can set an alert to let you know when the price breaks above the upper line or below the lower line. However, be aware of false breakouts, where the price breaks out but quickly reverses back inside the channel. This can often signal trend exhaustion.