Today’s analysis highlights a major wedge formation detected on the SAIA chart using the Wedge & Triangle Detector with Vector Gradient Background.
🔍 Key Observations:
Wedge/Triangle breakout potential is clearly forming.
The measured move target is projecting a +281% potential gain from the current wedge structure.
Breakout Target Zone: ~875 USD based on Fibonacci extensions and wedge height.
Immediate Resistance: ~628 USD (historical high level).
Support Zone: ~323 USD to 428 USD (Fibonacci 0.236 to 0.5).
📊 Indicators:
Magnitude & Vector Analysis shows bullish setup building (+1.764 magnitude on support vectors).
Volume pressure appears ready to break the tightening range.
⏳ Long-Term Outlook:
If this wedge resolves to the upside, SAIA could enter a massive multi-year bullish phase.
Conservative projections based on technicals put a price target well above current levels, aligning with Fibonacci 1.618 to 2.618 extensions.
⚡ Final Thoughts: This setup is one to watch closely. Triangles and wedges often lead to explosive moves once the squeeze finishes. As always, manage risk and watch for confirmation signals before entering.
#Trading #TechnicalAnalysis #SAIA #BreakoutSetup #Fibonacci #WedgePattern #StockMarket
🔍 Key Observations:
Wedge/Triangle breakout potential is clearly forming.
The measured move target is projecting a +281% potential gain from the current wedge structure.
Breakout Target Zone: ~875 USD based on Fibonacci extensions and wedge height.
Immediate Resistance: ~628 USD (historical high level).
Support Zone: ~323 USD to 428 USD (Fibonacci 0.236 to 0.5).
📊 Indicators:
Magnitude & Vector Analysis shows bullish setup building (+1.764 magnitude on support vectors).
Volume pressure appears ready to break the tightening range.
⏳ Long-Term Outlook:
If this wedge resolves to the upside, SAIA could enter a massive multi-year bullish phase.
Conservative projections based on technicals put a price target well above current levels, aligning with Fibonacci 1.618 to 2.618 extensions.
⚡ Final Thoughts: This setup is one to watch closely. Triangles and wedges often lead to explosive moves once the squeeze finishes. As always, manage risk and watch for confirmation signals before entering.
#Trading #TechnicalAnalysis #SAIA #BreakoutSetup #Fibonacci #WedgePattern #StockMarket
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.