📉 !
🔹 Ticker: VPG (NYSE)
🔹 Setup: Rising Wedge Breakdown + Resistance Rejection
🔸 Rejection Zone: ~$28.28–$29.09
📊 Trade Plan (Short Position)
✅ Entry Zone: $28.20–$28.30 (yellow zone rejection)
✅ Stop Loss (SL): Above $29.09 (white resistance)
✅ Take Profit Targets:
📌 TP1: $27.01 (red zone – prior support)
📌 TP2: $25.50 (green zone – breakout base)
📐 Risk-Reward Analysis
📉 Risk:
$29.09 - $28.28 = $0.81
📈 Reward to TP1:
$28.28 - $27.01 = $1.27 → 1.57:1 R/R
📈 Reward to TP2:
$28.28 - $25.50 = $2.78 → 3.43:1 R/R
🔍 Technical Highlights
Price formed a rising wedge after a sharp move up
Rejection at prior resistance zone (white line)
Price consolidating under key level = bearish pressure
Low-volume breakout attempts = lack of buyer strength
⚙️ Trade Management Strategy
🔄 After TP1:
– Move SL to breakeven
– Lock partial gains
📉 Let remaining ride to TP2 with trailing SL
⚠️ Setup Invalidation
❌ Strong breakout above $29.09
❌ Bullish volume surge through resistance
❌ Breakdown failure and wedge invalidation
🔹 Ticker: VPG (NYSE)
🔹 Setup: Rising Wedge Breakdown + Resistance Rejection
🔸 Rejection Zone: ~$28.28–$29.09
📊 Trade Plan (Short Position)
✅ Entry Zone: $28.20–$28.30 (yellow zone rejection)
✅ Stop Loss (SL): Above $29.09 (white resistance)
✅ Take Profit Targets:
📌 TP1: $27.01 (red zone – prior support)
📌 TP2: $25.50 (green zone – breakout base)
📐 Risk-Reward Analysis
📉 Risk:
$29.09 - $28.28 = $0.81
📈 Reward to TP1:
$28.28 - $27.01 = $1.27 → 1.57:1 R/R
📈 Reward to TP2:
$28.28 - $25.50 = $2.78 → 3.43:1 R/R
🔍 Technical Highlights
Price formed a rising wedge after a sharp move up
Rejection at prior resistance zone (white line)
Price consolidating under key level = bearish pressure
Low-volume breakout attempts = lack of buyer strength
⚙️ Trade Management Strategy
🔄 After TP1:
– Move SL to breakeven
– Lock partial gains
📉 Let remaining ride to TP2 with trailing SL
⚠️ Setup Invalidation
❌ Strong breakout above $29.09
❌ Bullish volume surge through resistance
❌ Breakdown failure and wedge invalidation
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.