Look to buy on breakout above triangle, preferably daily close. Stop loss below triangle. Note that the target is an estimate. Can also use the ATR Stops Indicator as a trailing stop loss if preferred. More advanced trade is to buy within the triangle (most recent signal near $8.45) as the trend is up. Stop loss still placed below triangle. This vastly improved...
No trade taken yet. Would like to see a little false breakout below the triangle and then a rally back above 66.25 to trigger a long. With the price moving sideways for a good amount of time, there is a good chance of a false breakout before the price makes a bigger move higher...IF it makes a bigger move higher. I would rather wait to see if that false breakout...
Target conservative, and bail if price comes back to entry (before hitting target) due to the deep retracement and a potential turn lower in that case.
Potential pullback long trade setup in PTC uptrend.