For your guidance, I’ve established a tracking position that leaves us short a single contract with an effective cost basis of 1470.00. To manage risk dynamically, I’ve suggested an impulse-leg stop-loss that would trigger at 1397.75, based on the pattern shown. Keep in mind that the upthrust would need to surpass both peaks shown without a ‘b-c’ correction, but you should exit in any case if the rally exceeds peak #3.
