SPX500 in breaking out from the ascending triangle
Updated
SPX500 has formed a huge ascending triangle on the daily chart. I am looking for a daily close above the triangle near the level of 2800 before I go long. More agressive entries could be already active but I d like to confirm the breakout first.
Entry (approx) 2796
Stop loss 2763
Target 2840
Risk/reward 1.28
Entry (approx) 2796
Stop loss 2763
Target 2840
Risk/reward 1.28
Comment
Limit orders has set to 2800. Target of 2840 is the conservative one. The technical target of the ascending triangle is at 3050-3100. Stop loss set at the previous daily low at 2768.Trade active
Comment
Trade still active, stop loss at 2789Trade closed: stop reached
Waiting for a new daily high to reenter the market
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