Going Long the University of Georgia; Chess Moves

I went long a small position in the UGA (which also happens to be the shortened form for the University of Georgia) ETF earlier today at $36.63. Because this is a thinly-traded ETF, I am a using a much lighter position size, roughly 1% of capital. If you are not comfortable trading thin ETFs, please skip down to my chart for the educational point about the ascending triangle pattern. 

UGA is the ETF for gasoline. Gasoline futures have staged a nice snapback rally off of its swoon starting last summer and lasting until mid-January of this year. 

The daily chart, below, shows an ascending triangle pattern which I am playing to resolve higher for a secondary snapback rally. 

My stop-loss is technically below $34, though I may cut sooner if the imminent breakout I am playing for does not materialize. 

As it stands, I am currently long AKS BTU and now UGA.