📈
🔹 Ticker: BAC (NYSE)
🔹 Setup Type: Falling Wedge Breakout + Support Reclaim
🔸 Breakout Price: ~$41.52
📊 Trade Plan (Long Position)
✅ Entry Zone: $41.45–$41.60 (breakout + yellow zone confirmation)
✅ Stop Loss (SL): Below $40.77 (white support line)
✅ Take Profit Targets:
📌 TP1: $42.17 (red zone – minor resistance)
📌 TP2: $43.09 (green zone – previous swing high)
📐 Risk-Reward Analysis
📉 Risk:
$41.52 - $40.77 = $0.75
📈 Reward to TP1:
$42.17 - $41.52 = $0.65 → 0.87:1 R/R
📈 Reward to TP2:
$43.09 - $41.52 = $1.57 → 2.09:1 R/R
🔍 Technical Highlights
📌 Breakout from falling wedge (pink lines)
📌 Yellow zone flip from resistance to support
📌 Price reclaimed structure with bullish candle
📌 Higher lows forming with rising trendline support
⚙️ Trade Management Strategy
🔄 After TP1:
— Move SL to breakeven
— Secure partial gains (~50%)
📈 Ride remaining to TP2, trail SL below structure
⚠️ Setup Invalidation
❌ Close below $40.77
❌ Bearish rejection at yellow zone
❌ Volume drop on breakout candle
🔹 Ticker: BAC (NYSE)
🔹 Setup Type: Falling Wedge Breakout + Support Reclaim
🔸 Breakout Price: ~$41.52
📊 Trade Plan (Long Position)
✅ Entry Zone: $41.45–$41.60 (breakout + yellow zone confirmation)
✅ Stop Loss (SL): Below $40.77 (white support line)
✅ Take Profit Targets:
📌 TP1: $42.17 (red zone – minor resistance)
📌 TP2: $43.09 (green zone – previous swing high)
📐 Risk-Reward Analysis
📉 Risk:
$41.52 - $40.77 = $0.75
📈 Reward to TP1:
$42.17 - $41.52 = $0.65 → 0.87:1 R/R
📈 Reward to TP2:
$43.09 - $41.52 = $1.57 → 2.09:1 R/R
🔍 Technical Highlights
📌 Breakout from falling wedge (pink lines)
📌 Yellow zone flip from resistance to support
📌 Price reclaimed structure with bullish candle
📌 Higher lows forming with rising trendline support
⚙️ Trade Management Strategy
🔄 After TP1:
— Move SL to breakeven
— Secure partial gains (~50%)
📈 Ride remaining to TP2, trail SL below structure
⚠️ Setup Invalidation
❌ Close below $40.77
❌ Bearish rejection at yellow zone
❌ Volume drop on breakout candle
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.