BREAKOUTS / BREAKDOWNS - Layin' the SMACKDOWNS on some PROFITS

Ever heard of a breakout? No, it has nothing to do with acne, prison, or that awesome movie from 1995, Outbreak. In the trading world, a breakout is when a stock breaks above resistance and gets jacked up to new highs.

How about a breakdown? It's the exact opposite of a breakout - a stock falls below support and gets beaten down to new lows. They are the same, however, in that they each can make you some serious profits.

Breakouts / Breakdowns show up on all timeframes - weekly, daily, and even all the way down to one-minute charts. Here is what a breakout looks like:

And a breakdown:
As an example, I spotted this breakdown in AAPL today, on a 1-minute chart:
Another example, a breakdown in LDK Solar, 1-minute chart: