Thesis: Breakout above premarket high and prior day high would be risky enough to trade as there were many fake breakouts after open. Consolidation (bull flag) above mentioned highs provided more confidence for long consideration, especially in the ranging market.
Stop: below breakout bar at 422.09 level.
Entry: I have entered position 3 seconds before breakout bar closed.
Targets: 1st - pattern high, 2nd - measured move of prior uptrend leg.
Breakeven point: after 1st profit taking.
Comments: tape was mega-supere-extremely useful for taking profit and exiting position.
Lessons: consolidation/contraction above/below contraction proves to be helpful for another time.
Execution detail:
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