Price action over the last week confirms the ascending triangle breakout above 23,500 on strong volume. RSI at 62 leaves room to run. I see the next meaningful resistance at 24,800. Maintain trailing stop at 23,200. This is my highest-conviction trade of Q2.
Daily close below 23,200 triggers the stop. Intraday wicks don't count.
What's the stop loss if it closes below 23,200 intraday?
Agreed — the volume confirmation is the key signal here.
Finally! Been watching this level for weeks. Adding 50% position today.