stefancfuchs

Congestion triangle - watch for the breakout

BMFBOVESPA:CIEL3   CIELO SA
There is an interesting triangle in the 15-min chart.
A possible breakout - be it up or down - would be a very nice entry point.

Comments would be very much appreciated. =)
Trade active: The breakout occured near the closing time. Seems pretty good, volume is fenomenal.
Objective is around 37.7, stop below the 35.39 support. Partial take profit at 36.3.
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