Stocks play out in the
Threes. When a new 3-
day high is made the
first 2 period Pullback
sets-up a good Riskto-
Reward entry if the
Impulse is legitimate.
The same concept
prevails with a Thrust
minus 2.A. Note how ADTN
holds 20 DMA
all the way up.
B. When 20 DMA
is recaptured,
ADTN reasserts
itself.The Gap n
Go above the
3-point
Trendline
confirms the
breakout.
Notice how
many
explosive
moves start
with Gaps.
By the way,
the Inverted H
& S projected
$18 - $19.