📈
Timeframe: 30-Minute Chart
Pattern: Falling wedge breakout (bullish reversal)
📌 Trade Plan
📍 Entry Zone: Around $21.84 (Breakout confirmation)
🛑 Stop-Loss (SL): Below $21.72 (support + wedge invalidation)
🎯 Take Profit Targets:
TP1: $21.96 – Immediate resistance
TP2: $22.15 – Measured move from wedge pattern
🔍 Technical Highlights
✅ Clean wedge structure breaking upward
✅ Price respecting rising trendline support
✅ Confluence near breakout zone with volume pick-up
🔻 Risk: $21.84 - $21.72 = $0.12
🔺 Reward to TP2: $22.15 - $21.84 = $0.31 → R:R ≈ 1:2.58
🚨 Execution Strategy
🔹 Enter after strong close above wedge
🔹 SL just below white trendline support
🔹 Book partial profits near TP1 and ride rest to TP2
Timeframe: 30-Minute Chart
Pattern: Falling wedge breakout (bullish reversal)
📌 Trade Plan
📍 Entry Zone: Around $21.84 (Breakout confirmation)
🛑 Stop-Loss (SL): Below $21.72 (support + wedge invalidation)
🎯 Take Profit Targets:
TP1: $21.96 – Immediate resistance
TP2: $22.15 – Measured move from wedge pattern
🔍 Technical Highlights
✅ Clean wedge structure breaking upward
✅ Price respecting rising trendline support
✅ Confluence near breakout zone with volume pick-up
🔻 Risk: $21.84 - $21.72 = $0.12
🔺 Reward to TP2: $22.15 - $21.84 = $0.31 → R:R ≈ 1:2.58
🚨 Execution Strategy
🔹 Enter after strong close above wedge
🔹 SL just below white trendline support
🔹 Book partial profits near TP1 and ride rest to TP2
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.