Flag Momentum Burst entry, long, 1R Target.
Established uptrend
Strong, linear move
Volatility contraction moves back into the channel
Negative day prior to breakout
Entry on momentum candle -
Should see candle close near the high in order to hold and expect to see follow-through, otherwise move stop up tightly or close.
Established uptrend
Strong, linear move
Volatility contraction moves back into the channel
Negative day prior to breakout
Entry on momentum candle -
Should see candle close near the high in order to hold and expect to see follow-through, otherwise move stop up tightly or close.