📊
🔹 Stock: NVST (NYSE)
🔹 Timeframe: 30-Min Chart
🔹 Setup Type: Falling Wedge Breakout
🚀 Trade Plan:
✅ Entry Zone: $21.00 - $21.10 (Breakout Confirmation)
✅ Stop-Loss (SL): $20.52 (Below Key Support)
🎯 Take Profit Targets:
📌 TP1: $21.54 (First Resistance)
📌 TP2: $22.13 (Extended Target)
📊 Risk-Reward Ratio Calculation:
📉 Risk (Stop-Loss Distance):
$21.04 - $20.52 = $0.52
📈 Reward to TP1:
$21.54 - $21.04 = $0.50
💰 Risk-Reward Ratio to TP1: 1:0.96
📈 Reward to TP2:
$22.13 - $21.04 = $1.09
💰 Risk-Reward Ratio to TP2: 1:2.1
🔍 Technical Analysis & Strategy:
📌 Breakout Confirmation: Price breaking the falling wedge pattern with bullish momentum.
📌 Pattern Formation: Falling Wedge Breakout, indicating potential reversal.
📊 Key Support & Resistance Levels:
🟢 $20.52 (Support / SL Level)
🟢 $21.00 - $21.10 (Breakout Zone)
🟢 $21.54 (First Profit Target / Resistance)
🟢 $22.13 (Final Target for Momentum Extension)
🚀 Momentum Shift Expected:
If the price sustains above $21.10, we could see a rally towards $21.54 and beyond.
🔥 Trade Execution & Risk Management:
📊 Volume Confirmation: Ensure strong buying volume above $21.10 before entering.
📈 Trailing Stop Strategy: If the price reaches TP1 ($21.54), move SL to $21.10 to protect profits.
💰 Partial Profit Booking Strategy:
✔ Take 50% at $21.54, let the rest run to $22.13.
✔ Adjust Stop-Loss to Break-even ($21.10) after TP1 is hit.
⚠️ Fake Breakout Risk:
If price fails to hold above $21.00, be cautious and avoid entering early.
🚀 Final Thoughts:
✔ Bullish Setup – If price sustains above $21.10, a strong move is expected.
✔ Momentum Shift Possible – Watch for volume increase to confirm the trend.
✔ Favorable Risk-Reward Ratio – 1:0.96 to TP1, 1:2.1 to TP2.
💡 Stick to the plan, manage risk, and trade smart! 🚀🏆
🔗 #StockMarket #NVST #TradingSetup #TechnicalAnalysis #BreakoutTrade #DayTrading #MarketTrends #ProfittoPath
🔹 Stock: NVST (NYSE)
🔹 Timeframe: 30-Min Chart
🔹 Setup Type: Falling Wedge Breakout
🚀 Trade Plan:
✅ Entry Zone: $21.00 - $21.10 (Breakout Confirmation)
✅ Stop-Loss (SL): $20.52 (Below Key Support)
🎯 Take Profit Targets:
📌 TP1: $21.54 (First Resistance)
📌 TP2: $22.13 (Extended Target)
📊 Risk-Reward Ratio Calculation:
📉 Risk (Stop-Loss Distance):
$21.04 - $20.52 = $0.52
📈 Reward to TP1:
$21.54 - $21.04 = $0.50
💰 Risk-Reward Ratio to TP1: 1:0.96
📈 Reward to TP2:
$22.13 - $21.04 = $1.09
💰 Risk-Reward Ratio to TP2: 1:2.1
🔍 Technical Analysis & Strategy:
📌 Breakout Confirmation: Price breaking the falling wedge pattern with bullish momentum.
📌 Pattern Formation: Falling Wedge Breakout, indicating potential reversal.
📊 Key Support & Resistance Levels:
🟢 $20.52 (Support / SL Level)
🟢 $21.00 - $21.10 (Breakout Zone)
🟢 $21.54 (First Profit Target / Resistance)
🟢 $22.13 (Final Target for Momentum Extension)
🚀 Momentum Shift Expected:
If the price sustains above $21.10, we could see a rally towards $21.54 and beyond.
🔥 Trade Execution & Risk Management:
📊 Volume Confirmation: Ensure strong buying volume above $21.10 before entering.
📈 Trailing Stop Strategy: If the price reaches TP1 ($21.54), move SL to $21.10 to protect profits.
💰 Partial Profit Booking Strategy:
✔ Take 50% at $21.54, let the rest run to $22.13.
✔ Adjust Stop-Loss to Break-even ($21.10) after TP1 is hit.
⚠️ Fake Breakout Risk:
If price fails to hold above $21.00, be cautious and avoid entering early.
🚀 Final Thoughts:
✔ Bullish Setup – If price sustains above $21.10, a strong move is expected.
✔ Momentum Shift Possible – Watch for volume increase to confirm the trend.
✔ Favorable Risk-Reward Ratio – 1:0.96 to TP1, 1:2.1 to TP2.
💡 Stick to the plan, manage risk, and trade smart! 🚀🏆
🔗 #StockMarket #NVST #TradingSetup #TechnicalAnalysis #BreakoutTrade #DayTrading #MarketTrends #ProfittoPath
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.