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Qullamaggie

Qullamaggie Breakout

Scan 5,000+ stocks daily for Qullamaggie-style episodic pivots. Explosive momentum followed by tight, low-volume consolidation. Each setup graded A+ to B.

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What is this pattern?

Kristjan Kullamagi, known in the trading community as Qullamaggie, turned a small account into over $100 million by mastering a specific type of momentum setup: the episodic pivot. His approach focuses on stocks that experience an explosive move driven by a clear catalyst — earnings surprise, FDA approval, contract win, or sector rotation — and then consolidate tightly near the highs before launching the next leg.

The theory behind episodic pivots is rooted in institutional behavior. When a catalyst creates a fundamental reassessment of a company's value, institutions cannot build their full position in a single day. They buy heavily on the gap day, then continue accumulating during the consolidation phase. This ongoing institutional demand creates a floor under the stock, preventing significant pullbacks and producing the characteristic tight, low-volume consolidation that Qullamaggie looks for.

The ideal Qullamaggie setup has a prior move of 30% or more on heavy volume, followed by a consolidation range of less than 10% with volume declining to at least 50% below the daily average. This volume contraction is the signal that the consolidation is healthy and nearly complete. The breakout from this tight range — when it comes on expanding volume — carries the combined force of the original catalyst and the pent-up demand from institutional accumulation during the quiet period.

Origin & History

Developed by Kristjan Kullamagi (known as Qullamaggie), a Swedish trader who publicly documented his journey from a small account to over $100 million in profits. Kullamagi's episodic pivot methodology was shared through his Twitch streams and social media beginning around 2020, where he demonstrated the approach in real time. His style builds on the momentum breakout methodologies of William O'Neil and Mark Minervini, with a particular emphasis on catalyst-driven gaps followed by tight consolidations.

Detection Criteria

Our scanner evaluates the following criteria when detecting Qullamaggie Breakout setups across 5,000+ stocks daily.

Prior explosive momentum move
The initial explosive move (30%+ gain) establishes the catalyst and confirms that institutional demand has arrived in size. This creates the foundation for continuation.
Tight consolidation near highs
A tight range (under 10%) near the highs of the initial move shows that holders are not selling — they believe the stock is worth the new price and expect further appreciation.
Volume dry-up in consolidation
Volume declining to 50%+ below average during the consolidation confirms that selling pressure has evaporated and the stock is building energy for the next move.
Catalyst identification (earnings, news)
A clear fundamental catalyst provides the institutional reason for the move. Stocks that surge without a clear catalyst are more likely to reverse.
Breakout pivot proximity
Proximity to the consolidation breakout point means the setup is mature and ready to trigger. This timeliness reduces the opportunity cost of waiting.

Grading Breakdown

For Qullamaggie breakouts, an A+ grade means a prior momentum move of 30%+ driven by a clear catalyst, followed by a tight consolidation range under 10% with volume declining to at least 50% below average. This is not a prediction of future price movement — it is a way to prioritize which charts deserve your attention first.

A+
Textbook setup — strong confluence across all criteria. Highest conviction.
A
High-quality setup worth watching closely. Minor criteria may be slightly off.
B+
Decent setup with some reservations. One or two criteria fall short of ideal.
B
Pattern detected but lower conviction. Use as a watchlist candidate, not a trade trigger.

Common Mistakes to Avoid

Entering during the initial explosive move rather than waiting for the consolidation — the edge comes from buying the breakout of the tight range, not chasing the catalyst day
Accepting wide, volatile consolidations as valid setups — Qullamaggie's edge requires a tight range (under 10%) with significant volume contraction
Ignoring the catalyst quality — not all gaps are episodic pivots; the initial move needs to be driven by a genuine fundamental catalyst, not just random volatility

How to Trade This Pattern

Entry

Buy on breakout above the tight consolidation range following an episodic pivot, with volume expanding to at least the 50-day average. The consolidation should have shown significant volume contraction.

Stop Loss

Place stop below the consolidation range low. Qullamaggie typically uses tight stops relative to the consolidation range — if the breakout fails immediately, the setup was wrong.

Price Target

Target 10-20% moves as the initial objective. Qullamaggie advocates selling into strength and using partial profit-taking to lock in gains while letting a portion ride with a trailing stop.

This is educational content only. Not financial advice. Always do your own research and manage risk appropriately.

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AskLivermore scans 5,000+ NASDAQ and NYSE stocks daily · Not financial advice · Past performance does not guarantee future results