🧠
📅 Timeframe: 30-Minute
📈 Type: Long Position
📐 Setup: Tight consolidation breakout + bullish wedge pattern
📍 Trade Details:
Entry: $620.39 (breakout from rising wedge)
Stop Loss: ~$618.80 (below wedge support)
Target 1: $622.34 (minor resistance)
Target 2: $624.56 (major resistance zone)
🔎 Technical Breakdown:
Price formed a tight rising wedge, squeezing under resistance
Bullish breakout confirmed above consolidation
Strong uptrend continuation — higher highs + higher lows
SPY remains strong despite market hesitation
🎯 Risk/Reward Outlook:
Risk: ~$1.59
Reward: Up to ~$4.17
RR > 2.5:1 — ideal structure for breakout traders
💬 Caption (for Social/Chart Post):
“SPY breaks higher! 💥📈
Wedge breakout signals bullish momentum 🟢
Clean setup toward $624+ zone 🔓
Watch for continuation above $622.34!”
#SPY #LongTrade #BreakoutSetup #S&P500 #ProfittoPath #ETFTrading
📅 Timeframe: 30-Minute
📈 Type: Long Position
📐 Setup: Tight consolidation breakout + bullish wedge pattern
📍 Trade Details:
Entry: $620.39 (breakout from rising wedge)
Stop Loss: ~$618.80 (below wedge support)
Target 1: $622.34 (minor resistance)
Target 2: $624.56 (major resistance zone)
🔎 Technical Breakdown:
Price formed a tight rising wedge, squeezing under resistance
Bullish breakout confirmed above consolidation
Strong uptrend continuation — higher highs + higher lows
SPY remains strong despite market hesitation
🎯 Risk/Reward Outlook:
Risk: ~$1.59
Reward: Up to ~$4.17
RR > 2.5:1 — ideal structure for breakout traders
💬 Caption (for Social/Chart Post):
“SPY breaks higher! 💥📈
Wedge breakout signals bullish momentum 🟢
Clean setup toward $624+ zone 🔓
Watch for continuation above $622.34!”
#SPY #LongTrade #BreakoutSetup #S&P500 #ProfittoPath #ETFTrading
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.