Pros; Weekly & Monthly - clear bullis breaks of resistance -BULLISH - Linear trend with strong bullish momentum - All 3 emas above eachother, 8, 21, 50 & price above these - Tight box range, potential continuation of the strong bullish pressure after compression - Daily: Doji at resistance turned support - Good RR of 1:5
Cons: Potential whipsaw - however entry & stop placed above and below box range to prevent this happening