This entry is to document my learning and observation and also implementing the $ breakout method of finding potential trades.
DE has a strong move up and then went into a sideways consolidation with very small ranges. This behaviour offers exceptional potential to anticipate another leg higher which happened on morning of 27/3.
The opening 5 min candle on 27/3...
Is this a good example of a momentum burst set up?
The price has made a 4% move today where I have made the buy.
The preceding 3 days have been small range days and in all 3 sessions the market closed below the open i.e. down days.
There has been an orderly consolidation with price moving sideways after an impulse move from 17.90s area.
Today's move is the...
