๐
๐น Asset: AO (AOSUD)
๐น Timeframe: 30-Minute Chart
๐น Setup Type: Rising Wedge Breakdown (Bearish Reversal)
๐ Trade Plan (Short Position)
โ Entry Zone: Around $16.03 (Breakdown confirmation at wedge resistance)
โ Stop-Loss (SL): Above $16.38 (Wedge invalidation and breakout zone)
๐ฏ Take Profit Targets
๐ TP1: $15.58 โ Recent support zone
๐ TP2: $15.12 โ Strong support and target zone
๐ Risk-Reward Calculation
๐ Risk: $16.38 - $16.03 = $0.35
๐ Reward to TP1: $16.03 - $15.58 = $0.45 โ R/R = 1:1.28
๐ Reward to TP2: $16.03 - $15.12 = $0.91 โ R/R = 1:2.6 โ
๐ Technical Highlights
๐ Parabolic move into rising wedge
๐ Bearish rejection near wedge top
๐ Volume weakening on last leg up = caution
๐ Clean breakdown signal below trendline
๐ Execution Strategy
๐ Enter short near $16.03 after confirmation
๐ SL above $16.38 to limit risk
๐ฐ TP1 at $15.58, trail for $15.12
๐จ Invalidation Risk
โ Break above $16.38 confirms wedge failure
โ Strong bullish volume = exit early
๐ Final Take
โ High R:R bearish setup
โ Strong support targets below
โ Stay disciplinedโdonโt chase, confirm the break
๐น Asset: AO (AOSUD)
๐น Timeframe: 30-Minute Chart
๐น Setup Type: Rising Wedge Breakdown (Bearish Reversal)
๐ Trade Plan (Short Position)
โ Entry Zone: Around $16.03 (Breakdown confirmation at wedge resistance)
โ Stop-Loss (SL): Above $16.38 (Wedge invalidation and breakout zone)
๐ฏ Take Profit Targets
๐ TP1: $15.58 โ Recent support zone
๐ TP2: $15.12 โ Strong support and target zone
๐ Risk-Reward Calculation
๐ Risk: $16.38 - $16.03 = $0.35
๐ Reward to TP1: $16.03 - $15.58 = $0.45 โ R/R = 1:1.28
๐ Reward to TP2: $16.03 - $15.12 = $0.91 โ R/R = 1:2.6 โ
๐ Technical Highlights
๐ Parabolic move into rising wedge
๐ Bearish rejection near wedge top
๐ Volume weakening on last leg up = caution
๐ Clean breakdown signal below trendline
๐ Execution Strategy
๐ Enter short near $16.03 after confirmation
๐ SL above $16.38 to limit risk
๐ฐ TP1 at $15.58, trail for $15.12
๐จ Invalidation Risk
โ Break above $16.38 confirms wedge failure
โ Strong bullish volume = exit early
๐ Final Take
โ High R:R bearish setup
โ Strong support targets below
โ Stay disciplinedโdonโt chase, confirm the break
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.