As you may see from the chart we are looking at a possible ascending triangle.
The ascending triangle is usually a bullish chart pattern.
Where should we put take-profit after breakout? A **profit target** is calculated by taking the height of the triangle, at its thickest point, and adding or subtracting that to/from the breakout point.
In this case, if you don't want to miss a breakout you can make a risky limit order of around 64.79$ with SL under the pattern so around 57.54$
The ascending triangle is usually a bullish chart pattern.
Where should we put take-profit after breakout? A **profit target** is calculated by taking the height of the triangle, at its thickest point, and adding or subtracting that to/from the breakout point.
In this case, if you don't want to miss a breakout you can make a risky limit order of around 64.79$ with SL under the pattern so around 57.54$