📈 🚀
🔹 Asset: OUST (NASDAQ)
🔹 Timeframe: 30-Min Chart
🔹 Setup Type: Symmetrical Triangle + Breakout Zone
📊 Trade Plan (Long Position)
✅ Entry Zone: Above $11.30 (breakout from triangle + horizontal resistance reclaim)
✅ Stop-Loss (SL): Below $10.85 (trendline and demand zone support)
🎯 Take Profit Targets
📌 TP1: $11.75 – Minor resistance / previous rejection
📌 TP2: $12.00 – Round number & key resistance
📌 TP3: $12.40 – Major resistance and upper green zone
📊 Risk-Reward Ratio Calculation
📉 Risk:
$11.30 (Entry) - $10.85 (SL) = $0.45 risk per share
📈 Reward to TP1:
$11.75 - $11.30 = $0.45 (1:1 R/R)
📈 Reward to TP2:
$12.00 - $11.30 = $0.70 (1.55:1 R/R)
📈 Reward to TP3:
$12.40 - $11.30 = $1.10 (2.44:1 R/R)
🔍 Technical Analysis & Strategy
📌 Symmetrical Triangle: Price is consolidating with higher lows and lower highs, squeezing toward breakout point (yellow circle)
📌 Breakout Watch: A breakout above the triangle with volume = momentum trigger
📌 Volume: Light so far, watch for confirmation on breakout
📌 Support: Clean trendline support near $10.85 zone
⚙️ Trade Execution & Risk Management
📊 Entry Confirmation: Wait for a 30-min candle close above $11.30 with volume
📉 SL Management: Place SL below triangle support at $10.85
🔁 Trailing Stop Strategy:
✔ Move SL to breakeven at TP1
✔ Trail above $11.50 once TP2 is hit
💰 Profit Booking Strategy
✔ Book 50% at TP1 ($11.75)
✔ Let the rest ride to TP2 and TP3
✔ Adjust SL progressively to lock in gains
⚠️ Invalid Setup Conditions
❌ Breakdown below $10.85 trendline = pattern failure
❌ Low-volume breakout = avoid fakeout entries
🚀 Final Thoughts
✔ Beautiful triangle squeeze + demand zone
✔ Entry near breakout zone offers solid R/R
✔ If volume confirms, this can push toward $12.40+
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.