📉
🔍 Pattern: Symmetrical triangle breakdown
📍 Entry: ~$45.87 (breakdown candle below triangle support)
🎯 Target:
1st Target: $45.00 (psychological + horizontal support)
2nd Target: $44.74 (recent demand zone)
🛑 Stop-loss: $46.19 (just above breakdown point & upper triangle resistance)
✅ Why this setup?
Triangle breakdown confirms weakness after consolidation
Multiple rejections from $46.19 and lower highs
Breakdown occurred on a bearish engulfing candle
Room below to fill the gap down to $44.74
🕒 Timeframe: 30-minute
📊 Bias: Short / Breakdown
🔍 Pattern: Symmetrical triangle breakdown
📍 Entry: ~$45.87 (breakdown candle below triangle support)
🎯 Target:
1st Target: $45.00 (psychological + horizontal support)
2nd Target: $44.74 (recent demand zone)
🛑 Stop-loss: $46.19 (just above breakdown point & upper triangle resistance)
✅ Why this setup?
Triangle breakdown confirms weakness after consolidation
Multiple rejections from $46.19 and lower highs
Breakdown occurred on a bearish engulfing candle
Room below to fill the gap down to $44.74
🕒 Timeframe: 30-minute
📊 Bias: Short / Breakdown
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.