Jumat, 30 Juli 2021

Review of an A+ Setup

BiotechBreakouts

Hello Trader,

Today I want to go over a specific setup with you. A setup that forms over a day, a week, or multiple months and offers immense risk: reward.

To better understand this setup, I am going to go over two examples with you.

The Setup:

The Pennant Setup is a continuation pattern. Typically, this setup is formed after a stock has made a significant move upwards and then spends time consolidating. During this consolidation period, the range of the consolidation will narrow, and the trendlines will converge. A breakout follows the convergence in the same direction as the initial move.

Here is where many lose their way ──because they simply aren't looking in the right direction. What follows this consolidation, the breakout can make or break a trade depending on your position.

The big question is how do you spot this move in the making?

Click here to find out just how I do it.

Biotech Breakouts Research Team

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