What I'm seeing: it broke out as expected. Looking for some sustained higher volume. Looking for the RS to turn up. It has been running flat for while.
I am new to trading VCP patterns. Just trying to document as I learn. Would appreciate feedback from those that are experienced trading Mark Minervini VCP.
So machine gun pivot is when the price goes back through previous range and stops are blown through.
An example of this is DKNG. Big move up, then falls are through the previous range.
Watching for SNAP to do this.