Bullish Pennant Pros: Descending volume during formation Golden cross in blue PPS above 50MA and 200MA RS above 0, and ascending ATR Ascending R/R ratio above 7 200MA ascending, but barely Cons: 250RSI below 50
Question: how do you play the gaps? do you normally want them to be filled before a bullish pennant confirmation ?
thanks !
LeLaf
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@otaborda, Idealy, yes. So I wait for a confirmation of the pennant before taking a position in. If there is no confirmation, I do not even bother getting onboard.
thanks !