How We Made Killer Profits In IRNT Combining Pattern With the Square of 9

IRNT is an IPO that came on Hit & Run’s radar when it saw explosive volume in early September.

Volume often precedes price.

IRNT rocketed more than 100% this week, gapping up to the 52 region pre-market on Thursday from a close at 32 on Wednesday.

From its impulsive ignition from 10 in late August, my Square of 9 Wheel of Time & Price shows that two full revolutions of 360 degrees (two full squares of 360 degrees is 52).

Red, 10
Blue, 52

Anybody can pull the trigger and get into a position, knowing where and when to sell is an art.

From Thursday’s pre-market 52 peak, IRNT slid to 35 after hours.

By the time the market opened on Thursday, IRNT had pulled back to 45 where it continued to be magnetized lower into Phil D Gap near 35.

From a Side Door Entry into the open gap, IRNT staged a test of its morning high.

As the above intraday IRNT depicts, 41 became the fulcrum, the apex of an intraday Triangle formation… flagged on the Hit & Run private Twitter feed.

The “Pinocchio” of the morning high set up a Soup Nazi sell. In other words, “no soup” for those who chased the new highs on the day.

While the breakout of the Triangle perpetuated a push to test the morning high, the “Soup Nazi” sell setup triggered a test of the aforesaid key 41 pivot.

As tweeted, breakage below 41 opened the door to 35

After hours on Thursday, IRNT dropped to 35.

41 now represents short-term resistance.

Patterns are X Rays on the stocks revealing their intentions.

Taken together with the Square of 9, key levels allow us to interpret the likely behavior out of these patterns.

The Square of 9 is the doctor looking at the X Rays.

The beauty of the Square of 9 Wheel is that it integrates Time & Price.

Combined with pattern analysis across multiple time frames, this is a powerful Hit & Run trading edge.

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