🧠
📅 Timeframe: 30-Minute
💼 Type: Short Position
📉 Setup: Symmetrical triangle + rejection at resistance
📍 Trade Details:
Entry: ~$73.39 (just below triangle break/retest)
Stop Loss: ~$74.35 (above upper resistance & failed breakout)
Target 1: $71.52 (minor support / red line)
Target 2: $69.77 (mid-zone)
Target 3: $68.39 (major horizontal support)
🔎 Technical Breakdown:
Symmetrical triangle formed near the top — often signals reversal.
Strong resistance around $74.35 (yellow + white lines).
Price failed to break higher → pulling back from upper wedge trendline.
Bearish setup with well-defined risk.
🎯 Risk/Reward:
Risk is tight (1 point), while potential reward is over 2–3x depending on target hit.
Clean structure, suitable for short-sellers.
📅 Timeframe: 30-Minute
💼 Type: Short Position
📉 Setup: Symmetrical triangle + rejection at resistance
📍 Trade Details:
Entry: ~$73.39 (just below triangle break/retest)
Stop Loss: ~$74.35 (above upper resistance & failed breakout)
Target 1: $71.52 (minor support / red line)
Target 2: $69.77 (mid-zone)
Target 3: $68.39 (major horizontal support)
🔎 Technical Breakdown:
Symmetrical triangle formed near the top — often signals reversal.
Strong resistance around $74.35 (yellow + white lines).
Price failed to break higher → pulling back from upper wedge trendline.
Bearish setup with well-defined risk.
🎯 Risk/Reward:
Risk is tight (1 point), while potential reward is over 2–3x depending on target hit.
Clean structure, suitable for short-sellers.
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.