HUGE pennant breakout setup. Potentially a double-your-money swing trade on minimal risk (i.e. approx. 1:5 RR target).
Already bought a small position. To scale in on breakout confirm.
Not a financial or trade advice. Know the risks.
Trade active
Scaled in to increase initial position size. Can scale in more depending on the continued strength of the breakout.
Comment
Second leg up in progress. Strong pullback after hitting weekly level (highest weekly close level at approx. 65cents). Did'nt see that level either but trade is still live for me. I don't want to see this market re-test the recent low so taking profits (partial or otherwise) should be reasonable if this next rally fails again (anywhere here or at resistance).
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