📈
Pattern:
Rising wedge breakout (rare bullish outcome), breakout confirmed above ~$19.00
🔍 Trade Details
Entry: ~$19.00 (breakout level)
Stop-Loss (SL): ~$18.00 (below wedge structure)
Target 1 (TP1): $20.88 (red resistance)
Target 2 (TP2): $22.82 (green major resistance)
✅ Bias
Bullish above: $18.00
Caution/Fakeout below: $17.90–$18.00
🔧 Key Insights
Rare bullish wedge breakout → strong momentum
Clean breakout above horizontal resistance with confirmation
High volume: 1.9M — adds strength to move
Risk-to-reward: Solid (1:2+), especially if target zones hit
Pattern:
Rising wedge breakout (rare bullish outcome), breakout confirmed above ~$19.00
🔍 Trade Details
Entry: ~$19.00 (breakout level)
Stop-Loss (SL): ~$18.00 (below wedge structure)
Target 1 (TP1): $20.88 (red resistance)
Target 2 (TP2): $22.82 (green major resistance)
✅ Bias
Bullish above: $18.00
Caution/Fakeout below: $17.90–$18.00
🔧 Key Insights
Rare bullish wedge breakout → strong momentum
Clean breakout above horizontal resistance with confirmation
High volume: 1.9M — adds strength to move
Risk-to-reward: Solid (1:2+), especially if target zones hit
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.