Price bases at resistance (in the following examples, could just as well be support)
Anxious gamblers jump all over the bid to get in at the base (b/c "it's going to break out")
Price retraces to shake out said gamblers before continuing higher.
RIG : Yellow dot line is the day's Open coinciding with previous day's support (now turned resistance). A good example of why not to buy the breakout itself, but to wait for a retrace.
MON: a great example of what to look for, including the volume coming in at the retrace once the breakout occurred.
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