A breakout is a technical pattern that appears on a chart when an asset moves above a resistance level or below a support level. Often, the price of an asset will continue to trend in the direction of the breakout. When a breakout is accompanied by high trading volume, it indicates that the asset is more likely to continue trending in the same direction than when a breakout is accompanied by low trading volume. A price breakout can happen as a result of a channel, range, or pattern like a flag, wedge, triangle, or head and shoulders.