This is purely for educational purposes, I was following this while not trading it.
I don't need the credits for spotting it or something, but I'm sharing this to look back in the future at what worked out well.
About this one:
We see that this was a good textbook .
Why did this workout?
As I'm looking at this I can see that the resistance is tested four times (first of the four it's really testing for a few candles).
The support is holding for a considerable four times also, while the fifth time it broke right through.
The line, which is only there as a validation of our thoughts and not as signal giving factor. Is rising as well what means the buying gets more oversold by the time (logical if you know the exact way a calculation goes).
The last time testing the resistance of the the is at the highest point around 75.
Now we all know that while trading you can't look into the future so the high could not be imaginable.
But the thing that stands out in this case is the second "high" in the that is lower than the first.
The profit you can take?
To be honest, the profit on this trade could only be maximized with a trailing stop.
You could see that this as shown with the arrows (both are exact same size) that the opening of the is the same as the drop after the breakout.
Thanks for reading and I hope you find some of this educational material.
Some feedback is always appreciated!