📉
🔹 Asset: Kyndryl Holdings, Inc. (NYSE: KD)
🔹 Timeframe: 30-Minute Chart
🔹 Setup Type: Rising Wedge Breakdown (Bearish Reversal)
📌 Trade Plan (Short Position)
✅ Entry Zone: Around $39.08 (Near wedge resistance, possible rejection)
✅ Stop-Loss (SL): Above $40.24 (Wedge invalidation / breakout risk)
🎯 Take Profit Targets
📌 TP1: $37.63 – Nearest prior support
📌 TP2: $36.21 – Key support from previous base
📊 Risk-Reward Calculation
📉 Risk: $40.24 - $39.08 = $1.16
📈 Reward to TP1: $39.08 - $37.63 = $1.45 → R:R = 1:1.25
📈 Reward to TP2: $39.08 - $36.21 = $2.87 → R:R = 1:2.47 ✅
🔍 Technical Highlights
📌 Rising wedge nearing breakdown point
📌 Price rejected at yellow zone (overhead resistance)
📌 Trendline support (pink) tested multiple times
📌 Momentum weakening near breakout highs
📈 Execution Strategy
📊 Enter short near $39.08 on bearish confirmation
📉 SL above $40.24 to avoid trap breakouts
💰 TP1 at $37.63 for partial, let rest hit $36.21
🚨 Invalidation Risk
❌ Bullish breakout above $40.24 invalidates setup
❌ High volume breakout candle = exit trade
🚀 Final Take
✔ Bearish pattern in a sharp uptrend
✔ Favorable R:R with clear levels
✔ Great for disciplined short entries with SL control
🔹 Asset: Kyndryl Holdings, Inc. (NYSE: KD)
🔹 Timeframe: 30-Minute Chart
🔹 Setup Type: Rising Wedge Breakdown (Bearish Reversal)
📌 Trade Plan (Short Position)
✅ Entry Zone: Around $39.08 (Near wedge resistance, possible rejection)
✅ Stop-Loss (SL): Above $40.24 (Wedge invalidation / breakout risk)
🎯 Take Profit Targets
📌 TP1: $37.63 – Nearest prior support
📌 TP2: $36.21 – Key support from previous base
📊 Risk-Reward Calculation
📉 Risk: $40.24 - $39.08 = $1.16
📈 Reward to TP1: $39.08 - $37.63 = $1.45 → R:R = 1:1.25
📈 Reward to TP2: $39.08 - $36.21 = $2.87 → R:R = 1:2.47 ✅
🔍 Technical Highlights
📌 Rising wedge nearing breakdown point
📌 Price rejected at yellow zone (overhead resistance)
📌 Trendline support (pink) tested multiple times
📌 Momentum weakening near breakout highs
📈 Execution Strategy
📊 Enter short near $39.08 on bearish confirmation
📉 SL above $40.24 to avoid trap breakouts
💰 TP1 at $37.63 for partial, let rest hit $36.21
🚨 Invalidation Risk
❌ Bullish breakout above $40.24 invalidates setup
❌ High volume breakout candle = exit trade
🚀 Final Take
✔ Bearish pattern in a sharp uptrend
✔ Favorable R:R with clear levels
✔ Great for disciplined short entries with SL control
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.