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LeLaf
Mar 2, 2021 11:26 PM

DRTT: Ascending triangle, awaiting confirmation Long

Description

Ascending triangle, awaiting confirmation
Pros:
Descending volume during flag forming
Volume at break out
PPS above 50MA and 200MA
RS above 0, and ascending
ATR Ascending
R/R ratio above 5
250RSI above 50
200MA ascending

Target:
PT = 3.49$

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Comments
secretsanta007
MoneyMakerTrade
Great
secretsanta007
just a question. why are we waiting for a confirmation on this one? It seems like it broke through the 2.60 mark.
LeLaf
@secretsanta007, The first candle is the breakout. The second is the confirmation.
secretsanta007
@LeLaf, thank you. this makes sense.
secretsanta007
@LeLaf, what are we looking for when it comes to the candle after the breakout. green candle? any candle? does it need to finish higher? thanks
LeLaf
@secretsanta007, Does not matter.
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