- Risk/Reward Ratio 12 - Positive Divergence - Spring reversal from under ascending triangle - Green circle is the convergence of 200 DSMA, POC & break out from falling wedge. A break & close above $7.10 may be confirmation
You could enter here and place your stop as outlined on the chart and be ok with 20% hit in the event of. Or you wait for the confirmation above the noted levels before entering and place a higher stop.