🔻
Timeframe: 30-Minute Chart
Pattern: Rising Wedge Breakdown (Bearish Reversal)
📝 Trade Plan
📌 Entry: ~$36.04 (Breakdown confirmation)
🛑 Stop-Loss (SL): $37.90 (Above wedge structure / recent highs)
🎯 Take Profit Targets:
TP1: $34.04 (first support zone – red line)
TP2: $31.56 (major support – green line)
📊 Risk-Reward Calculation
Risk: $37.90 - $36.04 = $1.86
Reward to TP1: $36.04 - $34.04 = $2.00
Reward to TP2: $36.04 - $31.56 = $4.48
➡️ Risk-Reward Ratios:
To TP1: ~1:1.07
To TP2: ~1:2.4
🔍 Key Technical Zones
🔻 Entry: Breakdown below $36.04
🛑 SL: $37.90 (above wedge)
🟥 TP1: $34.04
🟩 TP2: $31.56
✅ Setup Summary
Rising wedge pattern breakdown confirms bearish momentum
Entry and SL are cleanly defined
Strong reward potential toward $31.56
SL above recent highs reduces whipsaw risk
Timeframe: 30-Minute Chart
Pattern: Rising Wedge Breakdown (Bearish Reversal)
📝 Trade Plan
📌 Entry: ~$36.04 (Breakdown confirmation)
🛑 Stop-Loss (SL): $37.90 (Above wedge structure / recent highs)
🎯 Take Profit Targets:
TP1: $34.04 (first support zone – red line)
TP2: $31.56 (major support – green line)
📊 Risk-Reward Calculation
Risk: $37.90 - $36.04 = $1.86
Reward to TP1: $36.04 - $34.04 = $2.00
Reward to TP2: $36.04 - $31.56 = $4.48
➡️ Risk-Reward Ratios:
To TP1: ~1:1.07
To TP2: ~1:2.4
🔍 Key Technical Zones
🔻 Entry: Breakdown below $36.04
🛑 SL: $37.90 (above wedge)
🟥 TP1: $34.04
🟩 TP2: $31.56
✅ Setup Summary
Rising wedge pattern breakdown confirms bearish momentum
Entry and SL are cleanly defined
Strong reward potential toward $31.56
SL above recent highs reduces whipsaw risk
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.