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Support / Resistance Breakout

Classic TA

The oldest edge in the book, filtered so you skip the fake-outs.

how support / resistance breakout works
resistance (40-bar high)support (40-bar low)break + close → BUY

What it does

The strategy maps the 40-candle high and low (excluding the newest three) as the visible resistance and support. Breaks fail constantly, so it confirms: the candle must close in the far third of its range, price must be on the right side of VWAP, volume must exceed its average, and the break must clear the level by a real margin.

How it works

  1. 1Map the 40-candle high (resistance) and low (support), both drawn on the chart.
  2. 2Confirm 1: a close beyond the level. Confirm 2: candle closes in the breakout third of its range.
  3. 3Confirm 3: price on the breakout side of VWAP. Confirm 4: volume above its 20-bar average.
  4. 4Confirm 5: the break clears the level by >0.2 ATR (not a marginal poke).