📉 🔻
🔹 Asset: ON (NASDAQ)
🔹 Timeframe: 30-Min Chart
🔹 Setup Type: Breakdown from Symmetrical Triangle + Trendline Breach
📊 Trade Plan (Short Position)
✅ Entry Zone: Below $45.20 (breakdown from triangle and support zone)
✅ Stop-Loss (SL): Above $45.98 (failed breakout / pattern invalidation)
🎯 Take Profit Targets
📌 TP1: $44.27 – Previous demand / support zone
📌 TP2: $43.15 – Strong support and target zone (green level)
📊 Risk-Reward Ratio Calculation
📉 Risk:
$45.98 - $45.20 = $0.78 risk per share
📈 Reward to TP1:
$45.20 - $44.27 = $0.93 (1.19:1 R/R)
📈 Reward to TP2:
$45.20 - $43.15 = $2.05 (2.63:1 R/R)
🔍 Technical Analysis & Strategy
📌 Triangle Breakdown: Bearish breakout from consolidation pattern
📌 Lower Highs: Selling pressure increasing, indicating weakness
📌 Volume Watch: Breakdown candle volume confirmation adds edge
📌 Red Zone Flip: Support at yellow line now acting as resistance
⚙️ Trade Execution & Risk Management
📊 Entry Confirmation: 30-min candle close below $45.20
📉 SL Placement: Above recent highs / invalidation zone = $45.98
🔁 Trailing Stop Strategy:
✔ Move SL to breakeven at TP1
✔ Trail stop down toward $43.50 as price moves toward TP2
💰 Partial Profit Booking Strategy
✔ Book 50% profits at TP1 = $44.27
✔ Hold remainder toward TP2 = $43.15
✔ Protect profits by tightening SL on the way down
⚠️ Setup Invalid Conditions
❌ Close above $45.98 = pattern failed
❌ Lack of breakdown volume = avoid entry
🔻 Final Thoughts
✔ Breakdown from wedge + trendline breach = bearish confirmation
✔ Clean downside structure with solid 2.6:1 R/R
✔ High-probability short setup if support fails with volume
🔹 Asset: ON (NASDAQ)
🔹 Timeframe: 30-Min Chart
🔹 Setup Type: Breakdown from Symmetrical Triangle + Trendline Breach
📊 Trade Plan (Short Position)
✅ Entry Zone: Below $45.20 (breakdown from triangle and support zone)
✅ Stop-Loss (SL): Above $45.98 (failed breakout / pattern invalidation)
🎯 Take Profit Targets
📌 TP1: $44.27 – Previous demand / support zone
📌 TP2: $43.15 – Strong support and target zone (green level)
📊 Risk-Reward Ratio Calculation
📉 Risk:
$45.98 - $45.20 = $0.78 risk per share
📈 Reward to TP1:
$45.20 - $44.27 = $0.93 (1.19:1 R/R)
📈 Reward to TP2:
$45.20 - $43.15 = $2.05 (2.63:1 R/R)
🔍 Technical Analysis & Strategy
📌 Triangle Breakdown: Bearish breakout from consolidation pattern
📌 Lower Highs: Selling pressure increasing, indicating weakness
📌 Volume Watch: Breakdown candle volume confirmation adds edge
📌 Red Zone Flip: Support at yellow line now acting as resistance
⚙️ Trade Execution & Risk Management
📊 Entry Confirmation: 30-min candle close below $45.20
📉 SL Placement: Above recent highs / invalidation zone = $45.98
🔁 Trailing Stop Strategy:
✔ Move SL to breakeven at TP1
✔ Trail stop down toward $43.50 as price moves toward TP2
💰 Partial Profit Booking Strategy
✔ Book 50% profits at TP1 = $44.27
✔ Hold remainder toward TP2 = $43.15
✔ Protect profits by tightening SL on the way down
⚠️ Setup Invalid Conditions
❌ Close above $45.98 = pattern failed
❌ Lack of breakdown volume = avoid entry
🔻 Final Thoughts
✔ Breakdown from wedge + trendline breach = bearish confirmation
✔ Clean downside structure with solid 2.6:1 R/R
✔ High-probability short setup if support fails with volume
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.