DISNEY 1D IN A CONTINUATION TRIANGLE PATTERN

Disney Investment has been fading
Aladdin Live Action Opening Weekend was $100 Million
Disney has a library full of animated films we all have watched
Potential to convert them to live action is great
Increased investment interest may be coming

Price has been consolidating
Continuation Triangle Pattern has be created which has a bullish bias
Volume, ATR & Volatility have been dropping from consolidation
Wait for a candle close on the triangle trendline bullish breakout
Wait for an increased volume bar
Volume bar reaches average atr line then trade 100%
If volume bar only reaches 75% then trade 50%

Open 2 trades
Both SL is 1.5 of ATR of entry candle
1st trade TP is 1xATR of entry candle
2nd trade no TP - when 1st TP hit move this SL to Break Even let profit run
2nd trade - move stop loss to follow trade

Comment:

1st half TP hit
2nd haf TP running
Adjusting SL to follow price