JSDA Follow Up

Friday I posted an update on JSDA where we've had several good opportunities at quick gains. This is a Cats and Dogs trade. Friday, I posted this.




Here's the current situation for anyone in the trade.

 So far this morning we've seen 3C confirmation, there is a small area of profit taking going on now, whether that expands or not will be a function of how 3C looks in the next hour or so.

 Here's a daily chart, the regions in white are areas of accumulation-after each we've seen a good move up. Today is no different. The pattern (triangle that you see) gives us an estimated measured move/target of $1.65. However it could be more or less depending on how quickly the accumulated shares are distributed. Again, we need to watch 3C for indications of distribution.
The volume today is on track to eclipse Friday's, if we also have a strong close near the upper end of the candle, the probabilities of a follow through move tomorrow increase. Personally, being we aren't far from the target, I'd be taking some profits near highs of the day and probably leave some on the table, but under no circumstances would I be in a position in which I may lose profits.