EDIT Editas medicine ready to break out
Been in this for a little while now since the change in market structure and added a few times to this position so not the best avg weighted entry but still well in profit.
Classic sweep of lows and change in market structure has me excited on this position and more recently over the last month with the gap up above the previous short term high and now the ascending triangle forming showing the bulls still buying up and testing that resistance.
The resistance may be strong but we have had a few cracks at it already and eventually I expect this level to break and to see another descent impulse move.
Bullish on EDIT for now, momentum still on our side.
Classic sweep of lows and change in market structure has me excited on this position and more recently over the last month with the gap up above the previous short term high and now the ascending triangle forming showing the bulls still buying up and testing that resistance.
The resistance may be strong but we have had a few cracks at it already and eventually I expect this level to break and to see another descent impulse move.
Bullish on EDIT for now, momentum still on our side.
Trade active:
break and retest, lets see how this opens tonight