Ascending Triangle Formation
Price has been trading in this range since early December.
Waiting for confirmation of a price breakout above the triangle before entering (lower risk).
Potential target: ~306.3
Always remember to set stop loss in case price reverses.
In the meantime, some trades can be done within the triangle channel as well. Personally I would enter a small amount once price is close to the slope of the triangle and sell when price hits top of the triangle.
Stop loss here would be beneath the triangle, slightly below the last swing low. I would set it at ~292 as at time of writing.
Waiting for confirmation of a price breakout above the triangle before entering (lower risk).
Potential target: ~306.3
Always remember to set stop loss in case price reverses.
In the meantime, some trades can be done within the triangle channel as well. Personally I would enter a small amount once price is close to the slope of the triangle and sell when price hits top of the triangle.
Stop loss here would be beneath the triangle, slightly below the last swing low. I would set it at ~292 as at time of writing.
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