This is one of the few classic technical patterns I've found to be consistently reliable in all time frames. Especially when strong relative to the overall market. The same applies to the short side. Bull and bear flags also work. Again, relative strength/weakness is important.
What a fantastic stock. uptrend started in Apr 2020 when it was around 25 (or rather year 2009). unfortunately, if you use TA, there is no clear entry signal to enter in mid 2020. some traders might have traded based on breakout of resistance line @55 in end 2020. It has since been appreciated 4 times. Perhaps it is time for it to take a rest.
I am in around 95 and have no predefined exit. However, the high back in May was 92.50 and the low in June was around 72.50 which is 20 points. Assuming we have a measured move from the break out at 92.50 I might be looking to take some profits around 112.50.
I am still in this trade....will be selling half at the recent high and let the other half ride market willing.
Why are you not sticking to the original plan? I can see why you wouldn't, as the price failed to rally to a new high but then on the other hand it is still making higher lows. I'd have my stop under the swing low at 98. (there was a swing low higher than that recently but not much volume.) This is where it's nice to have an exit plan going into the trade so you don't have this indecision during the trade.