BAC – 30-Min Long Trade Setup!📈
🔹 Ticker: BAC (NYSE)
🔹 Setup Type: Falling Wedge Breakout + Support Reclaim
🔸 Breakout Price: ~$41.52
📊 Trade Plan (Long Position)
✅ Entry Zone: $41.45–$41.60 (breakout + yellow zone confirmation)
✅ Stop Loss (SL): Below $40.77 (white support line)
✅ Take Profit Targets:
📌 TP1: $42.17 (red zone – minor resistance)
📌 TP2: $43.09 (green zone – previous swing high)
📐 Risk-Reward Analysis
📉 Risk:
$41.52 - $40.77 = $0.75
📈 Reward to TP1:
$42.17 - $41.52 = $0.65 → 0.87:1 R/R
📈 Reward to TP2:
$43.09 - $41.52 = $1.57 → 2.09:1 R/R
🔍 Technical Highlights
📌 Breakout from falling wedge (pink lines)
📌 Yellow zone flip from resistance to support
📌 Price reclaimed structure with bullish candle
📌 Higher lows forming with rising trendline support
⚙️ Trade Management Strategy
🔄 After TP1:
— Move SL to breakeven
— Secure partial gains (~50%)
📈 Ride remaining to TP2, trail SL below structure
⚠️ Setup Invalidation
❌ Close below $40.77
❌ Bearish rejection at yellow zone
❌ Volume drop on breakout candle