This will be the final update on this particular trade setup. After a couple of false starts, JA Solar Holdings (JASO) shifted gears and began its move to the upside. After going risk free and taking partial profits, I finally peeled the last part of the position off as the price action came into a Gann Angle. I prefer to use Gann as a defensive tool rather than offensively but as you can see, the price action tested the 2 X 1 angle and immediately rotated back to the downside. Gann can be a powerful addition to your trading arsenal when properly applied.
Trade Smart
~Duane Gott
Comments