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American Express (AXP) has bounced perfectly off trendline support and is now breaking out of a descending triangle. Price action shows buyer strength stepping in near $320.22 with a clean breakout retest at $322.63.
📌 Trade Details:
🔹 Entry: $322.63 (breakout candle)
🔹 Stop Loss: $320.22 (below support)
🔹 Target: $332.22 (previous resistance zone)
🔹 Chart Pattern: Symmetrical Triangle Breakout
Breakout backed by bullish structure and strong recovery from higher lows. Watching for follow-through with increased volume.
💡 Risk smart — follow your plan!
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📊 Shared by: ProfittoPath
#AXP #AmericanExpress #TriangleBreakout #SwingTrade #TechnicalAnalysis #TradingView #ProfittoPath #StockSetup #BreakoutStock
American Express (AXP) has bounced perfectly off trendline support and is now breaking out of a descending triangle. Price action shows buyer strength stepping in near $320.22 with a clean breakout retest at $322.63.
📌 Trade Details:
🔹 Entry: $322.63 (breakout candle)
🔹 Stop Loss: $320.22 (below support)
🔹 Target: $332.22 (previous resistance zone)
🔹 Chart Pattern: Symmetrical Triangle Breakout
Breakout backed by bullish structure and strong recovery from higher lows. Watching for follow-through with increased volume.
💡 Risk smart — follow your plan!
—
📊 Shared by: ProfittoPath
#AXP #AmericanExpress #TriangleBreakout #SwingTrade #TechnicalAnalysis #TradingView #ProfittoPath #StockSetup #BreakoutStock
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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.