i am revising the final target on RGR to current levels (34.35). personally i just covered my short which i’ve held from the original entry posted here which is a 40.1% gain. this trade is very close to the original final target but there is a pretty solid bullish falling wedge pattern that has formed on the 60 minute chart and we just had a slight overshoot to the bottom of that wedge (which often proceeds a breakout in the opposite direction). therefore, consider booking full profits on this trade as i will now be moving it to the completed trades category. i will also be watching RGR for a potential long entry on an upside break of this pattern. 4 hour charts in order as posted below.
