#StrategyTrade #plume
Sharing how I use pocket pivots to add into/build my position before the standard breakout might happen.
I consider PLUME as a swing trade. No overhead resistance above the all time highs so increases the odds of a more extended run.
How we close today will be key. The close will tell you everything you need to know. A strong wide range bar with a close near the day highs means momentum is likely just getting started.
Added a bit more just now since it looks like today will be the 3rd pocket-pivot buy in a row.
It will be interesting to see how this breaks the all time highs.
Sharing how I use pocket pivots to add into/build my position before the standard breakout might happen.
I consider PLUME as a swing trade. No overhead resistance above the all time highs so increases the odds of a more extended run.
How we close today will be key. The close will tell you everything you need to know. A strong wide range bar with a close near the day highs means momentum is likely just getting started.
Added a bit more just now since it looks like today will be the 3rd pocket-pivot buy in a row.
It will be interesting to see how this breaks the all time highs.