MRVL | Ichimoku Breakout Setup with Fractal and MACD
Marvell Technology (MRVL) just printed a clean bullish breakout setup across multiple technical systems. Here's the breakdown:
Why This Setup Matters
Ichimoku Cloud: Price has decisively cleared the cloud with bullish Tenkan-Kijun alignment. The Senkou Span A is rising, and the cloud ahead is thin — suggesting low resistance and potential acceleration.
Fractal Support: Multiple upward fractals formed near the $73–$74 support zone, validating the base before the breakout. Price broke the most recent fractal high, triggering a potential continuation.
MACD Momentum: A bullish crossover just occurred, with the histogram flipping positive — a classic momentum confirmation following consolidation.
Trade Parameters
Entry: $76.02
Stop: $70.41 (below the recent flat Kijun and cloud base)
Target: $89.93 (R1 pivot zone and psychological resistance)
Risk:Reward Ratio: 2.48
Projected Move: +18.35%
Additional Confluence
The Kumo breakout occurred alongside a flat Kijun and a narrowing cloud — a textbook edge-to-trend signal.
Price structure has formed higher lows since June.
Potential for strong institutional interest heading into earnings.
Risk Notes
Watch for rejection around $78.50 (prior resistance zone).
The upcoming cloud twist is narrow — if the Tenkan turns flat, a short-term pullback could occur before continuation.
Let me know in the comments if you're watching MRVL or trading this breakout. I’ll post an update if we get confirmation above $78 with volume.
Why This Setup Matters
Ichimoku Cloud: Price has decisively cleared the cloud with bullish Tenkan-Kijun alignment. The Senkou Span A is rising, and the cloud ahead is thin — suggesting low resistance and potential acceleration.
Fractal Support: Multiple upward fractals formed near the $73–$74 support zone, validating the base before the breakout. Price broke the most recent fractal high, triggering a potential continuation.
MACD Momentum: A bullish crossover just occurred, with the histogram flipping positive — a classic momentum confirmation following consolidation.
Trade Parameters
Entry: $76.02
Stop: $70.41 (below the recent flat Kijun and cloud base)
Target: $89.93 (R1 pivot zone and psychological resistance)
Risk:Reward Ratio: 2.48
Projected Move: +18.35%
Additional Confluence
The Kumo breakout occurred alongside a flat Kijun and a narrowing cloud — a textbook edge-to-trend signal.
Price structure has formed higher lows since June.
Potential for strong institutional interest heading into earnings.
Risk Notes
Watch for rejection around $78.50 (prior resistance zone).
The upcoming cloud twist is narrow — if the Tenkan turns flat, a short-term pullback could occur before continuation.
Let me know in the comments if you're watching MRVL or trading this breakout. I’ll post an update if we get confirmation above $78 with volume.
Trade active
Trade active. Might let this one ride: 
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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.
If you found my trades helpful, please consider sending a tip in BTC to: bc1qr35mrh82hykpy9v6znpsyuew85x84ezjyrrf6m
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.