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topvaluestaking

SPX500 in breaking out from the ascending triangle

Long
S&P 500 Index (FX:SPX500)  
topvaluestaking Updated   
FX:SPX500   S&P 500 Index
Chart Patterns S&P 500 (SPX500) spx500long Ascending Triangle
4
2
chartpattern spx500 spx500long ascendingtriangle
SPX500 has formed a huge ascending triangle on the daily chart. I am looking for a daily close above the triangle near the level of 2800 before I go long. More agressive entries could be already active but I d like to confirm the breakout first.

Entry (approx) 2796
Stop loss 2763
Target 2840
Risk/reward 1.28
Comment:
Limit orders has set to 2800. Target of 2840 is the conservative one. The technical target of the ascending triangle is at 3050-3100. Stop loss set at the previous daily low at 2768.
Trade active
Comment:
Trade still active, stop loss at 2789
Trade closed: stop reached:
Waiting for a new daily high to reenter the market
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