📊 Technical Analysis:
Pattern: Symmetrical Triangle
The price action has been compressing inside a triangle, forming higher lows and lower highs, indicating indecision. The breakout above the upper trendline signals bullish momentum.
Breakout Confirmation:
A strong bullish candle has closed above the triangle’s resistance, confirming the breakout. This move suggests increased buying pressure and potential for further upside.
Entry Point:
Around $33.11 (current price after the breakout).
Target:
$33.66739 – calculated based on the height of the triangle added to the breakout point. This is the measured move target from the widest point of the triangle.
Stop Loss:
Placed at $31.83552 – below the triangle support and recent swing lows. This level acts as an invalidation zone in case of a false breakout.
📌 Trade Plan (Long Position):
Entry: $33.11 (breakout confirmation)
Stop Loss: $31.83552
Target: $33.66739
Risk-Reward Ratio: ~1.3:1
🧠 Trade Rationale:
Bullish momentum following consolidation.
Breakout of a well-formed triangle pattern.
Strong volume and price action confirm breakout validity.
Favorable risk-reward setup with a clear invalidation level.
Pattern: Symmetrical Triangle
The price action has been compressing inside a triangle, forming higher lows and lower highs, indicating indecision. The breakout above the upper trendline signals bullish momentum.
Breakout Confirmation:
A strong bullish candle has closed above the triangle’s resistance, confirming the breakout. This move suggests increased buying pressure and potential for further upside.
Entry Point:
Around $33.11 (current price after the breakout).
Target:
$33.66739 – calculated based on the height of the triangle added to the breakout point. This is the measured move target from the widest point of the triangle.
Stop Loss:
Placed at $31.83552 – below the triangle support and recent swing lows. This level acts as an invalidation zone in case of a false breakout.
📌 Trade Plan (Long Position):
Entry: $33.11 (breakout confirmation)
Stop Loss: $31.83552
Target: $33.66739
Risk-Reward Ratio: ~1.3:1
🧠 Trade Rationale:
Bullish momentum following consolidation.
Breakout of a well-formed triangle pattern.
Strong volume and price action confirm breakout validity.
Favorable risk-reward setup with a clear invalidation level.
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Pubblicazioni correlate
Declinazione di responsabilità
Le informazioni ed i contenuti pubblicati non costituiscono in alcun modo una sollecitazione ad investire o ad operare nei mercati finanziari. Non sono inoltre fornite o supportate da TradingView. Maggiori dettagli nelle Condizioni d'uso.