Breakout strategies appeal to all traders and investors, from those trading one-minute charts to daily or weekly charts. ETFs, due to their ease of use, cost efficiency and liquidity, have become popular vehicles for breakout trading. With more than 1,400 ETFs on the market covering multiple asset classes and global markets, traders and investors can always find a breakout occurring or one close at hand. Once you learn how to spot potential breakouts, you’ll need a strategy to trade them [see How To Pick The Right ETF Every Time]. Breakout Trading 101 A breakout occurs when an ETF moves above or below a support or resistance level. Support and resistance levels are horizontal or slanted lines that contain the ETF’s price action. If the breakout is to the upside it signifies the bulls have won the battle, and the ETF is likely to proceed to higher. If the breakout is [...] Click here to read the original article on ETFdb.com. Related Posts: 17 ETFs For Day Traders Ten Unexpected Observations On YTD ETF Returns Ten Best ETF Performers Over The Last Five Years (Including A Few Surprises) Tuesday’s ETF Chart To Watch: SPDR Gold Trust (GLD) ETF Insider: Equities Back In Black