BBAI is currently exhibiting a bullish structure on the daily timeframe, supported by the completion of a harmonic pattern (XABC). With XABC legs already formed, the price action is now advancing towards the potential D point, suggesting further upside momentum.
Trade Parameters
Entry: 7.15 (CMP)
Stop Loss (SL): 4.62 (below C point / last lower high)
Take Profit (TP1): 8.81 (recent swing high)
Take Profit (TP2): 11.00 (AB=CD projection)
Take Profit (TP3): 12.20 (XABCD harmonic projection)
Technical Rationale
The harmonic pattern completion signals a potential bullish reversal/continuation phase.
Risk is managed with SL placed strategically below the C point, maintaining favorable R:R.
Profit targets are structured progressively—first at the recent trend high, followed by Fibonacci-based projections (AB=CD and XABCD completion).
Conclusion
This setup offers an attractive risk-to-reward opportunity for swing traders, with multiple target levels aligned with technical projections. Conservative traders may secure partial profits at TP1, while aggressive traders can trail stops to capture extended moves towards TP2 and TP3.
Trade Parameters
Entry: 7.15 (CMP)
Stop Loss (SL): 4.62 (below C point / last lower high)
Take Profit (TP1): 8.81 (recent swing high)
Take Profit (TP2): 11.00 (AB=CD projection)
Take Profit (TP3): 12.20 (XABCD harmonic projection)
Technical Rationale
The harmonic pattern completion signals a potential bullish reversal/continuation phase.
Risk is managed with SL placed strategically below the C point, maintaining favorable R:R.
Profit targets are structured progressively—first at the recent trend high, followed by Fibonacci-based projections (AB=CD and XABCD completion).
Conclusion
This setup offers an attractive risk-to-reward opportunity for swing traders, with multiple target levels aligned with technical projections. Conservative traders may secure partial profits at TP1, while aggressive traders can trail stops to capture extended moves towards TP2 and TP3.
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.