### **Description**:
This **30-minute ACHR chart** shows my successful prediction of the **breakdown from $9.95**, a key resistance level.
1. **Prediction Point**:
I identified **$9.95** as a crucial level where the price would reverse after the uptrend, supported by the formation of a **rising wedge**.
2. **Breakdown Confirmation**:
- Price rejected **$9.95** and broke below the wedge support.
- The breakdown accelerated at **$9.30** (white line), confirming bearish momentum.
3. **Targets and Execution**:
- **Target 1**: **$8.34** (red line) - successfully achieved.
- **Target 2**: Heading towards **$7.56** (green line), the next support.
4. **Stop Loss**:
Placed above **$10.39** to manage risk effectively.
The breakdown from **$9.95** was predicted accurately, with price respecting the rising wedge pattern and reaching the defined targets. This analysis demonstrates the importance of combining technical patterns with key price levels.
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.