Via a tracking position,we hold a round lot acquired effectively for $636.  This imputes to our position $1899 in profits realized by traders who took partial gains on an initial purchase of 400 shares where I’d suggested on Friday:  near 656 on 200 shares; and at 659.00 on another 100 shares. For now, I’ll suggest using an impulse-leg stop-loss derived from the 15-minute chart. Based on the pattern shown, this would imply exiting on an unpaused drop that exceeds the internal and external lows shown, the lower of which lies at 650.15.

This by-the-book stop is relatively tight, considering the theoretical gain we’ve racked up so far.  If you prefer, you can widen it to suit your taste.  Using the hourly-chart, and impulse-leg stop would trigger on a print beneath a 636.13 low recorded on August 10.  _______ UPDATE (November 20, 8:16 p.m. EST): If you’ve been using the 15-minute chart to create an impulsive stop, yesterday’s bull trap would have popped you out of the position at 666.48 (see inset), yielding a gain over three days of about $3000.   If you are instead holding to an impulsive stop-loss on the hourly chart, the position is still live and your assumed to be swinging for the fence.