🔻
Timeframe: 30-Minute Chart
Pattern: Rising Wedge Breakdown (Bearish Reversal)
📝 Trade Plan
📌 Entry: ~$13.49 (Breakdown confirmation from rising wedge)
🛑 Stop-Loss (SL): $13.82 (Above wedge resistance / invalidation zone)
🎯 Take Profit Targets:
TP1: $13.09 (support zone – red line)
TP2: $12.59 (major support – green line)
📊 Risk-Reward Calculation
Risk: $13.82 - $13.49 = $0.33
Reward to TP1: $13.49 - $13.09 = $0.40
Reward to TP2: $13.49 - $12.59 = $0.90
➡️ Risk-Reward Ratios:
To TP1: ~1:1.21
To TP2: ~1:2.72
🔍 Key Technical Zones
🔻 Entry: Breakdown at $13.49
🛑 SL: $13.82 (wedge invalidation)
🟥 TP1: $13.09 (prior demand)
🟩 TP2: $12.59 (strong support base)
✅ Setup Summary
Clean wedge breakdown pattern
Tight stop-loss above recent highs
Excellent risk-reward profile, especially toward TP2
Watch for volume confirmation and market sentiment
Timeframe: 30-Minute Chart
Pattern: Rising Wedge Breakdown (Bearish Reversal)
📝 Trade Plan
📌 Entry: ~$13.49 (Breakdown confirmation from rising wedge)
🛑 Stop-Loss (SL): $13.82 (Above wedge resistance / invalidation zone)
🎯 Take Profit Targets:
TP1: $13.09 (support zone – red line)
TP2: $12.59 (major support – green line)
📊 Risk-Reward Calculation
Risk: $13.82 - $13.49 = $0.33
Reward to TP1: $13.49 - $13.09 = $0.40
Reward to TP2: $13.49 - $12.59 = $0.90
➡️ Risk-Reward Ratios:
To TP1: ~1:1.21
To TP2: ~1:2.72
🔍 Key Technical Zones
🔻 Entry: Breakdown at $13.49
🛑 SL: $13.82 (wedge invalidation)
🟥 TP1: $13.09 (prior demand)
🟩 TP2: $12.59 (strong support base)
✅ Setup Summary
Clean wedge breakdown pattern
Tight stop-loss above recent highs
Excellent risk-reward profile, especially toward TP2
Watch for volume confirmation and market sentiment
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.