SPX500 in breaking out from the ascending triangle
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
Note
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
Note
Trade still active, stop loss at 2789Trade closed: stop reached
Waiting for a new daily high to reenter the market
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.