Base Breakout Setup
A simple horizontal consolidation that resolves with a breakout above the range high on heavy volume. The catch-all for breakouts that don't fit a more specific pattern (VCP, Cup & Handle, etc.) but show clean accumulation.
⊕ Historical hit rate: 23% reached the target before the stop · avg +3.5% (n=56)
Setup Criteria
- › Defined horizontal trading range (5–20% deep)
- › Range duration 3+ weeks
- › Volume contracts during the range
- › Breakout above the range high on 40%+ volume surge
Entry
Breakout above the consolidation high.
Stop Loss
Below the bottom of the range.
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Pattern Diagram
Popularized By
Classic
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Pattern Info
LegendClassic
Difficulty
Beginner
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