When the price breaks above a defined resistance level, represented by a horizontal column of Xs, it suggests that the previous selling pressure has been overcome by buying interest. This breakout is often seen as a bullish signal, potentially indicating the start of a new upward trend. The height and width of the preceding X column can influence the significance of the breakout; a break above a more substantial resistance level is generally considered more bullish. Following a breakout, the former resistance level can sometimes act as a new support level. Traders often look for confirmation of the breakout through subsequent price action, such as the formation of O columns above the breakout level, before establishing long positions. The magnitude of the move following the breakout can also provide clues about the strength of the new uptrend. #CurrencyPairPrediction