CFMS - Breakout Potential
CLSN price action has had strong bullish volume on the move up.
VWAP and the conversion line are acting as support for the current candle.
You can see the last time the VWAP upcrossed the conversion line, we saw a massive breakout (yellow circle)
R/R ratio here is 2.78 with 25% downside and anywhere between 25% to 97% depending on where you choose to place your take profit targets and whether or not we breakout, as well as, the strength behind the move.
VWAP and the conversion line are acting as support for the current candle.
You can see the last time the VWAP upcrossed the conversion line, we saw a massive breakout (yellow circle)
R/R ratio here is 2.78 with 25% downside and anywhere between 25% to 97% depending on where you choose to place your take profit targets and whether or not we breakout, as well as, the strength behind the move.
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