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Chart School :: High Base Breakout
   
 
1. Security within the context of an uptrend pauses at a swing high and consolidates in a sideways fashion in a narrow range at the swing high.

2. The power of a high base breakout can be greater after a powerful upside move due to the possible increase of underlying support.

3. High base breakouts can be stronger when the most recent swing high is also an all time high due to the possible lack of overhead resistance.