Not all charts are perfect, but in my experience, shorter the contraction duration, higher the momentum. Lets see this in action on this trade!
Breakout has happened, would love to get a close near the day high.
Breakout has happened, would love to get a close near the day high.
Trade active
Note
Not much movement but the stock has largely avoided the down move that played out in the broader market. Tight consolidation signals bigger moves are around the cornerNote
Good candle today, would prefer a long body, minimal wick to be confident to hold trade longer. Disclaimer
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.