Chart used for my own historical reference. Any input is welcome.
We see IRWD trading in an ascending cannel, yesterday left a hammer in the trend line of the channel with a really nice volume. Maybe we are late, but I would wait for a pullback to 15.85 to enter long. The first TP is in 17.7, but I will with to see it in 20. KL: 15.85 SL: 14.90 TP1: 17.75 TP2: 20.00
8ema ON THE WAY TO CROSS BELOW 48ema, BEARISH. enter: 19.36 STOP: 19.94 TARGET: 18.20 Risk:Reward=1:2
measured move of about 26 trading sessions and a 44% gain is my guess....