Such breakouts are powerful and its easy to manage risk. One can place stop loss below the breakout bar's low. The take profit is the distance between the highest high of the rectangle and the lowest low. Source: www.octafinance.com
Netflix made a big breakout from more than 8 months rectangle - congestion range. Such breakouts are usually wonderful as the risk is easy to set. One can place stop below the low of the breakout bar and the take profit is the distance of the highest high of the rectangle and the lowest low of it. The only bad thing here is how fast its coming, so the take profit...