📈 🚀
🔹 Asset: AVGX (NASDAQ)
🔹 Timeframe: 30-Min Chart
🔹 Setup Type: Falling Wedge Breakout + Support Bounce
📊 Trade Plan (Long Position)
✅ Entry Zone: Around $15.00 (breakout confirmation + retest bounce)
✅ Stop-Loss (SL): Below $14.55 (recent low & demand zone)
🎯 Take Profit Targets
📌 TP1: $15.99 (gap-fill zone / supply area)
📌 TP2: $17.12 (strong resistance zone)
📊 Risk-Reward Ratio Calculation
📉 Risk (SL Distance):
$15.00 - $14.55 = $0.45 risk per share
📈 Reward to TP1:
$15.99 - $15.00 = $0.99 → (2.2:1 R/R)
📈 Reward to TP2:
$17.12 - $15.00 = $2.12 → (4.71:1 R/R)
🔍 Technical Analysis & Strategy
📌 Falling Wedge Pattern: Breakout from falling resistance trendline
📌 Support Confirmation: Price held near $14.55 before bouncing
📌 Retest Validated: Breakout zone retested with a bullish reaction (yellow circle)
📌 Momentum Shift: Squeeze indicator showing recovery potential
⚙️ Trade Execution & Risk Management
📊 Confirm bullish candle close above trendline breakout
📉 Trailing Stop Strategy:
Move SL to breakeven after TP1 hits
💰 Partial Profit Booking Strategy
✔ Book 50% at TP1 = $15.99
✔ Let the rest ride to TP2 = $17.12
✔ Adjust SL to protect profits
⚠️ Breakout Failure Risk
❌ Setup fails if price breaks below $14.55
❌ Wait for solid breakout candle before entering
🚀 Final Thoughts
✔ Falling wedge breakout signals reversal potential
✔ Strong support base around $14.50
✔ High R/R setup with potential up to 4.7:1
🔗 #AVGX #NASDAQ #BreakoutTrade #ProfittoPath #ETFTrading #SwingTrading #TechnicalSetup #FallingWedge #SmartMoneyMoves #ChartPatterns
🔹 Asset: AVGX (NASDAQ)
🔹 Timeframe: 30-Min Chart
🔹 Setup Type: Falling Wedge Breakout + Support Bounce
📊 Trade Plan (Long Position)
✅ Entry Zone: Around $15.00 (breakout confirmation + retest bounce)
✅ Stop-Loss (SL): Below $14.55 (recent low & demand zone)
🎯 Take Profit Targets
📌 TP1: $15.99 (gap-fill zone / supply area)
📌 TP2: $17.12 (strong resistance zone)
📊 Risk-Reward Ratio Calculation
📉 Risk (SL Distance):
$15.00 - $14.55 = $0.45 risk per share
📈 Reward to TP1:
$15.99 - $15.00 = $0.99 → (2.2:1 R/R)
📈 Reward to TP2:
$17.12 - $15.00 = $2.12 → (4.71:1 R/R)
🔍 Technical Analysis & Strategy
📌 Falling Wedge Pattern: Breakout from falling resistance trendline
📌 Support Confirmation: Price held near $14.55 before bouncing
📌 Retest Validated: Breakout zone retested with a bullish reaction (yellow circle)
📌 Momentum Shift: Squeeze indicator showing recovery potential
⚙️ Trade Execution & Risk Management
📊 Confirm bullish candle close above trendline breakout
📉 Trailing Stop Strategy:
Move SL to breakeven after TP1 hits
💰 Partial Profit Booking Strategy
✔ Book 50% at TP1 = $15.99
✔ Let the rest ride to TP2 = $17.12
✔ Adjust SL to protect profits
⚠️ Breakout Failure Risk
❌ Setup fails if price breaks below $14.55
❌ Wait for solid breakout candle before entering
🚀 Final Thoughts
✔ Falling wedge breakout signals reversal potential
✔ Strong support base around $14.50
✔ High R/R setup with potential up to 4.7:1
🔗 #AVGX #NASDAQ #BreakoutTrade #ProfittoPath #ETFTrading #SwingTrading #TechnicalSetup #FallingWedge #SmartMoneyMoves #ChartPatterns
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.