Volatility tends to increase and prices generally trend in direction of the breakout once the stock trades beyond the price barrier. They happen in all types of market environments and the most explosive price moves are a result of channel or price pattern breakouts like flags, triangles, and shoulder patterns. They expand after prices move beyond the identified ranges as volatility contracts during these time frames.
One of the biggest reasons why trading breakouts are important is because of the fact that they emerge as the starting points for future volatility enhancements and large price swings. These breakouts are also the starting points for major price trends in many circumstances.
Overall, breakout trading is a great strategy and can be applied to day trading, swing trading, or any style of trading irrespective of whether you use intraday, daily, or weekly charts.