This is the background for my entry earlier in April. Cup and handle (a flat pattern). A small-cap profitable asset, intend to hold for a while until it delivers x2-3
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Log swing through the pivot -> $300 (100% size of the last wave). Looks too high, will project later as soon as the impulse starts
Trade active
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iHS, strong move today.
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Trade active
I added at $10, the impulse looked complete, after the new low, as shown above on previous chart. Pride broke today out of the wave C channel post-market. Now its all about patience and scaling the position as the trend unfolds
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Took a partial profit after close yesterday, as price spiked up on earnings almost to $20/ share. The bullish impulse looks complete, will wait for a deeper pullback to restore the position at better prices.
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