HOOD Breakout from Ascending Triangle — Targeting $70+

📝 Full Description (for TradingView Idea Post):
Ticker: HOOD
Timeframe: 30-Min Chart
Trade Type: Long (Breakout Play)

HOOD has formed a clean ascending triangle pattern over the past several days, showing higher lows converging toward the horizontal resistance at $68.00. This pattern typically signals a bullish breakout when price pressure builds toward the resistance zone — and that's exactly what we've just seen.

The stock has broken above this resistance zone with momentum, confirming the breakout. I entered this trade on the breakout candle and am now watching for price continuation toward the next key level.

📊 Trade Plan:
Entry: $68.00 (confirmed breakout)

Stop-Loss: $69.06 (just below previous consolidation high)

Target 1: $70.38 (based on measured move from triangle height)

Risk/Reward: ~1:2.2

📌 Technical Highlights:
Ascending triangle breakout

Higher lows confirming bullish structure

Breakout from compression zone on decent momentum

Resistance flip zone now likely acting as support ($68.00)

📉 Candle Behavior:
Clean breakout candle with decent follow-through suggests traders were watching this level. If volume continues to support, we could see a strong move to the upside.

📈 Next Resistance: $70.38
🧲 Support to Hold: $68.00 zone

🦅 Chart by ProfittoPath
Follow for swing trading setups, breakouts, and educational ideas.