Breakout With Follow-Through – Target $106

14 set

The price has broken out of an ascending triangle pattern formed between $95 and $98, showing strong follow-through. This breakout signals continuation of the prevailing uptrend.

Technical Setup: Clear series of higher lows, resistance around $97.50–$98 finally broken with a strong bullish candle.

Target: Measured move projects to around $106 ±0.5, based on the height of the triangle added to the breakout level.

Stop Loss: Immediate invalidation below $96.80 (breakout failure).

Alternative Exit: If the breakout shows soft weakness (limited follow-through, mild pullback), a wider stop can be placed under $95 (bottom of the triangle) to allow for a retest before resuming trend.

This structure suggests bullish continuation as long as price remains above the breakout zone. A retest of $97.50–$98 could offer a secondary entry opportunity.

27 set

Trade chiuso: obiettivo raggiunto