Hello hello! Just an FYI: Solid orange line is my entry. Looking for some more gains on ONT. I will update my signature with the specifics of my lines.
Trade active:
Update: Looks like its falling out of the pennant into a falling wedge. The wedge should still be a bullish reversal pattern, but a volume spike will be much more essential for it to follow through. If volume continues to diminish and it doesn't break, I will consider cancelling the trade at the short term EMA death cross or .382 FIB. (Possible 3% gain)
Trade closed: stop reached:
Well my EMAs all crossed and I hit my stop for a 7% profit. It recovered quickly and is still looking great. I'd personally still stay in this one if I hadn't been stopped out. Be happy with profit and stick to your rules when it comes to risk management!!!!