HUGE pennant breakout setup. Potentially a double-your-money swing trade on minimal risk (i.e. approx. 1:5 RR target).
Already bought a small position. To scale in on breakout confirm.
Not a financial or trade advice. Know the risks.
Trade active
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Scaled in to increase initial position size. Can scale in more depending on the continued strength of the breakout.
Comment
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Second leg up in progress. Strong pullback after hitting weekly level (highest weekly close level at approx. 65cents). Did'nt see that level either but trade is still live for me. I don't want to see this market re-test the recent low so taking profits (partial or otherwise) should be reasonable if this next rally fails again (anywhere here or at resistance).