:
📈 🚀
🔹 Asset: RDW (NYSE)
🔹 Timeframe: 30-Min Chart
🔹 Setup Type: Falling Wedge Breakout + Base Formation
📊 Trade Plan (Long Position)
✅ Entry Zone: Around $8.90 (wedge breakout + price base confirmation)
✅ Stop-Loss (SL): Below $8.40 (structure support & risk protection zone)
🎯 Take Profit Targets
📌 TP1: $9.37 (immediate resistance / consolidation zone)
📌 TP2: $10.17 (major resistance / recovery target)
📊 Risk-Reward Ratio Calculation
📉 Risk (SL Distance):
$8.90 - $8.40 = $0.50 risk per share
📈 Reward to TP1:
$9.37 - $8.90 = $0.47 → (0.94:1 R/R)
📈 Reward to TP2:
$10.17 - $8.90 = $1.27 → (2.54:1 R/R)
🔍 Technical Analysis & Strategy
📌 Falling Wedge Pattern: Tight consolidation with descending resistance broken
📌 Base Forming at Support: Price stabilizing above $8.40
📌 Breakout with Reaction: Bullish breakout confirmed by yellow zone retest
📌 Oversold Setup: Downtrend exhaustion with reversal potential
⚙️ Trade Execution & Risk Management
📊 Confirm bullish momentum after breakout close
📉 Trailing Stop Strategy:
Shift SL to breakeven after TP1 is hit
💰 Partial Profit Booking Strategy
✔ Book 50% at TP1 = $9.37
✔ Let the rest ride toward TP2 = $10.17
✔ Adjust SL to protect gains
⚠️ Breakout Failure Risk
❌ Setup invalidated if price breaks below $8.40
❌ Avoid chasing — wait for confirmation candle
🚀 Final Thoughts
✔ Classic falling wedge breakout after strong sell-off
✔ Defined structure with potential for trend reversal
✔ Attractive upside with 2.5:1 R/R on TP2
🔗 #RDW #NYSE #BreakoutTrade #ProfittoPath #SwingSetup #StockMarketMoves #TechnicalTrading #FallingWedge #BullishReversal #SmartTrading
📈 🚀
🔹 Asset: RDW (NYSE)
🔹 Timeframe: 30-Min Chart
🔹 Setup Type: Falling Wedge Breakout + Base Formation
📊 Trade Plan (Long Position)
✅ Entry Zone: Around $8.90 (wedge breakout + price base confirmation)
✅ Stop-Loss (SL): Below $8.40 (structure support & risk protection zone)
🎯 Take Profit Targets
📌 TP1: $9.37 (immediate resistance / consolidation zone)
📌 TP2: $10.17 (major resistance / recovery target)
📊 Risk-Reward Ratio Calculation
📉 Risk (SL Distance):
$8.90 - $8.40 = $0.50 risk per share
📈 Reward to TP1:
$9.37 - $8.90 = $0.47 → (0.94:1 R/R)
📈 Reward to TP2:
$10.17 - $8.90 = $1.27 → (2.54:1 R/R)
🔍 Technical Analysis & Strategy
📌 Falling Wedge Pattern: Tight consolidation with descending resistance broken
📌 Base Forming at Support: Price stabilizing above $8.40
📌 Breakout with Reaction: Bullish breakout confirmed by yellow zone retest
📌 Oversold Setup: Downtrend exhaustion with reversal potential
⚙️ Trade Execution & Risk Management
📊 Confirm bullish momentum after breakout close
📉 Trailing Stop Strategy:
Shift SL to breakeven after TP1 is hit
💰 Partial Profit Booking Strategy
✔ Book 50% at TP1 = $9.37
✔ Let the rest ride toward TP2 = $10.17
✔ Adjust SL to protect gains
⚠️ Breakout Failure Risk
❌ Setup invalidated if price breaks below $8.40
❌ Avoid chasing — wait for confirmation candle
🚀 Final Thoughts
✔ Classic falling wedge breakout after strong sell-off
✔ Defined structure with potential for trend reversal
✔ Attractive upside with 2.5:1 R/R on TP2
🔗 #RDW #NYSE #BreakoutTrade #ProfittoPath #SwingSetup #StockMarketMoves #TechnicalTrading #FallingWedge #BullishReversal #SmartTrading
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.