🟢
You’re expecting price to move upward, and your chart reflects a breakout setup with multiple resistance levels marked.
🔍 Key Technical Elements Noted:
Ascending triangle breakout:
The pink trendlines show an ascending triangle (bullish pattern) that successfully broke out.
Support Zone:
Around 158.00 – 158.62 (highlighted by the yellow lines), showing a prior resistance turned into support.
Resistance Zones (Target Levels):
161.58
163.67
165.02
These cyan and red lines look like Fibonacci extensions or supply zones — ideal for profit targets.
Risk Level:
Likely below 158 or just under the recent wick — this acts as your stop-loss zone.
Volume/Breakout Candle:
Strong bullish candle visible near breakout level, confirming entry strength.
✅ Possible Long Trade Plan (Example):
Entry: Around $158.60 (current price)
Stop-Loss: Below $157.00 or candle low
Targets:
$161.58 (Target 1)
$163.67 (Target 2)
$165.02 (Final Target)
You’re expecting price to move upward, and your chart reflects a breakout setup with multiple resistance levels marked.
🔍 Key Technical Elements Noted:
Ascending triangle breakout:
The pink trendlines show an ascending triangle (bullish pattern) that successfully broke out.
Support Zone:
Around 158.00 – 158.62 (highlighted by the yellow lines), showing a prior resistance turned into support.
Resistance Zones (Target Levels):
161.58
163.67
165.02
These cyan and red lines look like Fibonacci extensions or supply zones — ideal for profit targets.
Risk Level:
Likely below 158 or just under the recent wick — this acts as your stop-loss zone.
Volume/Breakout Candle:
Strong bullish candle visible near breakout level, confirming entry strength.
✅ Possible Long Trade Plan (Example):
Entry: Around $158.60 (current price)
Stop-Loss: Below $157.00 or candle low
Targets:
$161.58 (Target 1)
$163.67 (Target 2)
$165.02 (Final Target)
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.