It is now at $175, which is outside of the support line of the triangle.
I am thinking to stop loss at $172
I think I will know with more certainty if this trade will work out by sometime late afternoon tomorrow.
The price did not spike up to $192 and test the resistance level, now it is down to $175-176 in sideways price action.
New Idea was posted today.
Still unsure if price will move up or down.
I think we will know for sure by tomorrow at about 15:00 to 18:00 EST.
If it breaks down below $170, then for sure the Ascending Triangle did not work out.
What are your thoughts? Agree, disagree? Any feedback is always welcome. Cheers.