📉
🔹 Asset: Aeva Technologies, Inc. (NASDAQ: AEVA)
🔹 Timeframe: 30-Minute Chart
🔹 Setup Type: Rising Wedge Breakdown
📌 Trade Plan (Short Position)
✅ Entry Zone: Below $9.19 (Breakdown Confirmation)
✅ Stop-Loss (SL): Above $9.72 (Wedge Invalidation Level)
🎯 Take Profit Targets
📌 TP1: $8.46 – Near-term Support Level
📌 TP2: $7.83 – Prior consolidation support
📊 Risk-Reward Calculation
📉 Risk: $9.72 - $9.19 = $0.53
📈 Reward to TP1: $9.19 - $8.46 = $0.73 → 1:1.38 R/R
📈 Reward to TP2: $9.19 - $7.83 = $1.36 → 1:2.56 R/R ✅
🔍 Technical Highlights
📌 Rising wedge pattern visible, now broken
📌 Breakdown occurred near psychological resistance ($10 zone)
📌 Retest rejected from breakdown zone (yellow level)
📌 Bearish divergence possible after extended rally
📉 Execution Strategy
📊 Wait for solid bearish candle under $9.19
📉 Trail SL to breakeven after TP1 hit
💰 Lock partial gains at TP1, let rest ride to TP2
🚨 Invalidation Risk
❌ Exit if price closes above $9.72
❌ Confirm breakdown with volume and price action
🚀 Final Take
✔ Rising wedge breakdown suggests bearish potential
✔ Attractive risk-reward profile
✔ Stick to the trade plan, manage emotions and risk
🔹 Asset: Aeva Technologies, Inc. (NASDAQ: AEVA)
🔹 Timeframe: 30-Minute Chart
🔹 Setup Type: Rising Wedge Breakdown
📌 Trade Plan (Short Position)
✅ Entry Zone: Below $9.19 (Breakdown Confirmation)
✅ Stop-Loss (SL): Above $9.72 (Wedge Invalidation Level)
🎯 Take Profit Targets
📌 TP1: $8.46 – Near-term Support Level
📌 TP2: $7.83 – Prior consolidation support
📊 Risk-Reward Calculation
📉 Risk: $9.72 - $9.19 = $0.53
📈 Reward to TP1: $9.19 - $8.46 = $0.73 → 1:1.38 R/R
📈 Reward to TP2: $9.19 - $7.83 = $1.36 → 1:2.56 R/R ✅
🔍 Technical Highlights
📌 Rising wedge pattern visible, now broken
📌 Breakdown occurred near psychological resistance ($10 zone)
📌 Retest rejected from breakdown zone (yellow level)
📌 Bearish divergence possible after extended rally
📉 Execution Strategy
📊 Wait for solid bearish candle under $9.19
📉 Trail SL to breakeven after TP1 hit
💰 Lock partial gains at TP1, let rest ride to TP2
🚨 Invalidation Risk
❌ Exit if price closes above $9.72
❌ Confirm breakdown with volume and price action
🚀 Final Take
✔ Rising wedge breakdown suggests bearish potential
✔ Attractive risk-reward profile
✔ Stick to the trade plan, manage emotions and risk
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.