📈
🔹 Ticker: FIVN (NASDAQ)
🔹 Setup: Symmetrical Triangle Breakout + Downtrend Break
🔸 Breakout Zone: ~$22.60 (yellow zone + triangle apex)
📊 Trade Plan (Long Bias)
✅ Entry Range: $22.60–$22.80
✅ Stop Loss (SL): Below $21.55 (white support level)
✅ Profit Targets: • TP1: $24.11 (prior resistance zone)
• TP2: $25.80 (key breakout level)
📐 Risk-Reward Notes:
• Clean triangle breakout with bullish momentum
• Downtrend line broken with small-bodied candles → shows buildup
• Potential volume expansion could confirm move
• Risk-reward setup favors bulls above $22.60
🔍 Technical Highlights:
• Downtrend breakout + higher low formation
• Triangle breakout shows buyers regaining control
• $24.11 is a key test level — watch reaction
• Price held above strong support at $21.55
⚙️ Trade Management:
• Move stop to breakeven after TP1
• Trail SL using 9EMA or trendline
• Monitor volume on push above $23 for momentum confirmation
⚠️ Setup Invalidation:
❌ Breakdown and close below $21.55
❌ Bearish engulfing candle with high volume
❌ Price consolidates below triangle after breakout (fakeout risk)
🔹 Ticker: FIVN (NASDAQ)
🔹 Setup: Symmetrical Triangle Breakout + Downtrend Break
🔸 Breakout Zone: ~$22.60 (yellow zone + triangle apex)
📊 Trade Plan (Long Bias)
✅ Entry Range: $22.60–$22.80
✅ Stop Loss (SL): Below $21.55 (white support level)
✅ Profit Targets: • TP1: $24.11 (prior resistance zone)
• TP2: $25.80 (key breakout level)
📐 Risk-Reward Notes:
• Clean triangle breakout with bullish momentum
• Downtrend line broken with small-bodied candles → shows buildup
• Potential volume expansion could confirm move
• Risk-reward setup favors bulls above $22.60
🔍 Technical Highlights:
• Downtrend breakout + higher low formation
• Triangle breakout shows buyers regaining control
• $24.11 is a key test level — watch reaction
• Price held above strong support at $21.55
⚙️ Trade Management:
• Move stop to breakeven after TP1
• Trail SL using 9EMA or trendline
• Monitor volume on push above $23 for momentum confirmation
⚠️ Setup Invalidation:
❌ Breakdown and close below $21.55
❌ Bearish engulfing candle with high volume
❌ Price consolidates below triangle after breakout (fakeout risk)
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.