ELNK is sitting at important resistance, which will likely decide if it rallies heavily in the coming month, or slumps back down. It broke strong trendline resistance, yet could form a double top where it stands if it fails to break the 8.90 level.
Fail- Heading to 8.30's
Break- Target 1: 9.10 Target 2: 9.50+
Fail- Heading to 8.30's
Break- Target 1: 9.10 Target 2: 9.50+
Trade closed manually:
Looks like price hit both my fail and break targets, as it first fell back tor retest, and then promptly turned around to target on the long side.