A B C D: Understanding the N-Shape BreakoutNot every breakout needs to be traded at the moment it happens.
In fact, horizontal breakouts are some of the structures where I prefer patience over chasing price.
This historical 2022 chart is a clean example of an N-shaped breakout structure, mapped through four points:
A → B: Price expands toward the horizontal supply/resistance area.
B → C: Instead of continuing immediately, price retraces and forms the middle leg of the structure.
C → D: This is where the character of the chart change
Long