📈
🔹 Ticker: VSCO (NYSE)
🔹 Timeframe: 30-Min
🔹 Setup Type: Falling Trendline Break + Support Bounce
🔸 Price at Breakout: ~$18.59
📊 Trade Plan (Long Position)
✅ Entry Zone: $18.50–$18.60 (trendline breakout + yellow reaction zone)
✅ Stop Loss (SL): Below $17.97 (structure support marked by white line)
✅ Take Profit Targets:
📌 TP1: $19.49 (red resistance line)
📌 TP2: $20.62 (green line – previous high / supply zone)
📐 Risk-Reward Calculation
📉 Risk per Share:
$18.59 - $17.97 = $0.62
📈 Reward to TP1:
$19.49 - $18.59 = $0.90 → 1.45:1 R/R
📈 Reward to TP2:
$20.62 - $18.59 = $2.03 → 3.27:1 R/R
📊 Technical Confluence
📌 Falling Trendline Breakout: Clean break through descending resistance (pink line)
📌 Ascending Triangle Formation: Price compressing into resistance with higher lows
📌 Demand Zone: Held support at ~$17.97
📌 Yellow Zone: Retest zone + potential breakout confirmation
⚙️ Execution & Management Strategy
🟢 Entry Confirmation: Bullish candle close above yellow zone
🔄 After TP1 Hit:
— Move SL to breakeven
— Book 50% profits
🎯 Ride remaining position to TP2
📉 Trail SL as price climbs
⚠️ Invalidation Scenario
❌ Close below $17.97
❌ Weak breakout without volume support
❌ Sharp rejection from yellow zone
🦅 Final Thoughts
✔ Classic breakout pattern with solid R/R
✔ Multiple confirmations from price action
✔ Great setup for swing or intraday momentum traders
🔹 Ticker: VSCO (NYSE)
🔹 Timeframe: 30-Min
🔹 Setup Type: Falling Trendline Break + Support Bounce
🔸 Price at Breakout: ~$18.59
📊 Trade Plan (Long Position)
✅ Entry Zone: $18.50–$18.60 (trendline breakout + yellow reaction zone)
✅ Stop Loss (SL): Below $17.97 (structure support marked by white line)
✅ Take Profit Targets:
📌 TP1: $19.49 (red resistance line)
📌 TP2: $20.62 (green line – previous high / supply zone)
📐 Risk-Reward Calculation
📉 Risk per Share:
$18.59 - $17.97 = $0.62
📈 Reward to TP1:
$19.49 - $18.59 = $0.90 → 1.45:1 R/R
📈 Reward to TP2:
$20.62 - $18.59 = $2.03 → 3.27:1 R/R
📊 Technical Confluence
📌 Falling Trendline Breakout: Clean break through descending resistance (pink line)
📌 Ascending Triangle Formation: Price compressing into resistance with higher lows
📌 Demand Zone: Held support at ~$17.97
📌 Yellow Zone: Retest zone + potential breakout confirmation
⚙️ Execution & Management Strategy
🟢 Entry Confirmation: Bullish candle close above yellow zone
🔄 After TP1 Hit:
— Move SL to breakeven
— Book 50% profits
🎯 Ride remaining position to TP2
📉 Trail SL as price climbs
⚠️ Invalidation Scenario
❌ Close below $17.97
❌ Weak breakout without volume support
❌ Sharp rejection from yellow zone
🦅 Final Thoughts
✔ Classic breakout pattern with solid R/R
✔ Multiple confirmations from price action
✔ Great setup for swing or intraday momentum traders
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.