Bullish Pennant Pros: Descending volume during formation Golden cross in blue PPS above 50MA and 200MA RS above 0, but flat ATR Ascending R/R ratio above 7 250RSI above 50 200MA ascending
Target: PT = 31.92$
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@LeLaf It seems like in your system you are waiting for two candles closing in the green zone, is this correct?
LeLaf
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@TwiiNori, On candle closing within, the second one to enter the trade.
TwiiNori
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@LeLaf, so (in theory) you would watch this one tomorrow, and if it looks like it's going to close in the green zone, you would take a position?
LeLaf
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@TwiiNori, Basically, yes. But I also look at the volume during the break out. Now a whole lot of volume today.
TwiiNori
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@LeLaf, Ok, thanks for the info and for sharing your picks. Are you also using RSI/MACD for opening positions, or do you mostly rely on the candles with good volume out of the pattern?