Short-term traders discover great rewards in uncharted territory. Shares in new heights generate single moment properties that drive sharp price moves. But these dynamic breakouts can also demonstrate very unexpected behavior. Old battlegrounds of support / resistance disappear while a few reference points remain to guide entry and exit. In this volatile environment, risk escalates with each promising setup.
The final breakout to new heights ends digestion of action of overhead supply. But the struggle for greater profits is far from over. Issues touching new highs often undergo additional testing and preparation before resuming their dynamic uptrends. The skilled trader can follow this building process through the typical pattern of development expected during these events.
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