📈
🔹 Ticker: EQT (NYSE)
🔹 Setup Type: Triangle Breakout + Support Retest
🔸 Breakout Price: ~$53.84
📊 Trade Plan (Long Position)
✅ Entry Zone: $53.70–$53.90 (breakout above yellow zone)
✅ Stop Loss (SL): Below $53.13 (white structure support)
✅ Take Profit Targets:
📌 TP1: $55.00 (red zone – short-term resistance)
📌 TP2: $56.27 (green zone – prior swing high)
📐 Risk-Reward Analysis
📉 Risk:
$53.84 - $53.13 = $0.71
📈 Reward to TP1:
$55.00 - $53.84 = $1.16 → 1.63:1 R/R
📈 Reward to TP2:
$56.27 - $53.84 = $2.43 → 3.42:1 R/R
🔍 Technical Highlights
📌 Breakout from symmetrical triangle (pink lines)
📌 Bullish bounce from rising support trendline
📌 Yellow zone acting as breakout retest zone
📌 Clean upside potential with volume holding
⚙️ Trade Management Strategy
🔄 After TP1:
— Move SL to breakeven
— Lock partial profits
📈 Let the rest run toward TP2 with a trail stop
⚠️ Setup Invalidation
❌ Breakdown below $53.13
❌ Weak follow-through above yellow zone
❌ Volume drop post-breakout
🔹 Ticker: EQT (NYSE)
🔹 Setup Type: Triangle Breakout + Support Retest
🔸 Breakout Price: ~$53.84
📊 Trade Plan (Long Position)
✅ Entry Zone: $53.70–$53.90 (breakout above yellow zone)
✅ Stop Loss (SL): Below $53.13 (white structure support)
✅ Take Profit Targets:
📌 TP1: $55.00 (red zone – short-term resistance)
📌 TP2: $56.27 (green zone – prior swing high)
📐 Risk-Reward Analysis
📉 Risk:
$53.84 - $53.13 = $0.71
📈 Reward to TP1:
$55.00 - $53.84 = $1.16 → 1.63:1 R/R
📈 Reward to TP2:
$56.27 - $53.84 = $2.43 → 3.42:1 R/R
🔍 Technical Highlights
📌 Breakout from symmetrical triangle (pink lines)
📌 Bullish bounce from rising support trendline
📌 Yellow zone acting as breakout retest zone
📌 Clean upside potential with volume holding
⚙️ Trade Management Strategy
🔄 After TP1:
— Move SL to breakeven
— Lock partial profits
📈 Let the rest run toward TP2 with a trail stop
⚠️ Setup Invalidation
❌ Breakdown below $53.13
❌ Weak follow-through above yellow zone
❌ Volume drop post-breakout
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.