Ascending Triangle Breakout – Momentum Expansion

Jan 15

• 🔺 Ascending Triangle → series of higher lows pressing against resistance
• 📊 High-Volume Breakout → confirms institutional participation
• 📈 EMA Alignment (20/50/100/200) → bullish stack, trend turning Stage-2
• 🔁 Higher Highs & Higher Lows → structure supports continuation
• 🔥 RSI Above 70 → momentum expansion, not divergence

🎯 Trade Plan
• 🟢 Entry: Break & hold above $36.80 or pullback to $35.80–$36.20
• 🔴 Stop-Loss: Below EMA cluster / triangle base at $34.90
• 🎯 Target: $39.50–$41.00 (measured move & prior resistance)

⚠️ Invalidation: Loss of EMA alignment or close back inside the triangle

Jan 21

Trade closed manually

First target acheived of 11%