Meet all the Momentum Burst criteria except for the ATR requirement — it needs to be >3%, but this one is only 1.92%.
Also, it may already be extended since the ATR extension has reached 7%. The consolidation before the breakout is not very clear either, so it might not qualify as a proper Momentum Burst setup.
I would classify this more as an ATH breakout setup rather than a Momentum Burst setup.
Also, it may already be extended since the ATR extension has reached 7%. The consolidation before the breakout is not very clear either, so it might not qualify as a proper Momentum Burst setup.
I would classify this more as an ATH breakout setup rather than a Momentum Burst setup.
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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.