After the corrective , price and surged. A small correction was due, and today the correction seems to have ended. Look at the FI , and the there. The histogram is still falling, but if tommorow's reaction will be postive, a rise is iminent. Price is currently standing at value, after rejecting the with above average .
In order for this trade to work as planed, in a couple of weeks JNS should stand near 15. The weekly is shouting caution, a divergence is possible, but until the histogram stops rising, it is just a warning sign and nothing more. Weekly here :
I will be taking partial profits at the multi year high, at 12.70$, if the histogram continues to rise. If it stops rising, I want to exit completely and be satisfied with a small profit as a divergence will be confirmed on the daily, and it will be a matter of a few more days for the weekly divergence to be confirmed too. If momentum continues rising close to it's previous peak on the , I will take another chunk off the table at the first downtick of the histogram. The remaining part of the position will be kept until a further signal emerges.