📉
🔹 Ticker: AMBA (NASDAQ)
🔹 Setup: Falling Wedge Breakdown + Retest Rejection
🔸 Trigger Zone: ~$40.30 (yellow zone + wedge base retest)
📊 Trade Plan (Short Bias)
✅ Entry Range: $40.20–$40.40
✅ Stop Loss (SL): Above $45.14 (white structure resistance)
✅ Profit Targets:
• TP1: $34.75 (support zone)
• TP2: $30.76 (trend support)
• TP3: $27.50 (key demand area)
📐 Risk-Reward Notes:
• Price broke falling wedge with weak retest
• Rejection confirmed at wedge base and horizontal zone
• Clean downside structure with strong momentum
• Attractive risk-reward ratio toward multi-month supports
🔍 Technical Highlights:
• Series of lower highs and sharp breakdown
• Volume faded during bounce → weakness
• Prior support now acting as resistance
• Momentum favors continuation if $40 fails to hold
⚙️ Trade Management:
• Lock in profits at TP1
• Trail stop below lower highs
• Watch for acceleration below $34.75 for quick move
⚠️ Setup Invalidation:
❌ Breakout and hold above $45.14
❌ Bullish engulfing candle with rising volume
❌ Price consolidates above yellow zone with strength
🔹 Ticker: AMBA (NASDAQ)
🔹 Setup: Falling Wedge Breakdown + Retest Rejection
🔸 Trigger Zone: ~$40.30 (yellow zone + wedge base retest)
📊 Trade Plan (Short Bias)
✅ Entry Range: $40.20–$40.40
✅ Stop Loss (SL): Above $45.14 (white structure resistance)
✅ Profit Targets:
• TP1: $34.75 (support zone)
• TP2: $30.76 (trend support)
• TP3: $27.50 (key demand area)
📐 Risk-Reward Notes:
• Price broke falling wedge with weak retest
• Rejection confirmed at wedge base and horizontal zone
• Clean downside structure with strong momentum
• Attractive risk-reward ratio toward multi-month supports
🔍 Technical Highlights:
• Series of lower highs and sharp breakdown
• Volume faded during bounce → weakness
• Prior support now acting as resistance
• Momentum favors continuation if $40 fails to hold
⚙️ Trade Management:
• Lock in profits at TP1
• Trail stop below lower highs
• Watch for acceleration below $34.75 for quick move
⚠️ Setup Invalidation:
❌ Breakout and hold above $45.14
❌ Bullish engulfing candle with rising volume
❌ Price consolidates above yellow zone with strength
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.