📈 🟢
🔹 Asset: Simulations Plus, Inc. (SLP – NASDAQ)
🔹 Chart Pattern: Symmetrical Triangle Breakout + Retest
🔹 Timeframe: 30-Minute
📊 Trade Plan – Long Position
✅ Entry Zone: $33.86 (Breakout above triangle + yellow level reclaim)
✅ Stop-Loss (SL): $32.29 (Below rising trendline and structure base)
🎯 Take Profit Targets:
📌 TP1: $36.54 – Previous key resistance
📌 TP2: $39.26 – Major horizontal resistance zone
📐 Risk-Reward Calculation
🟥 Risk per share: $1.57
🟩 Reward to TP2: $5.40
📊 R/R Ratio: ~1 : 3.4 – High reward with defined risk
🔍 Technical Highlights
📌 Clean breakout from triangle resistance
📌 Reclaim of yellow horizontal level with breakout candle ✔
📌 Consistent higher lows forming a strong ascending base
📌 Volume gradually increasing near breakout
📉 Risk Management Strategy
🔁 Move SL to breakeven once TP1 is reached
💰 Lock partial profits at TP1
🚀 Ride the runner to TP2 using a trailing stop if momentum builds
🚨 Setup Invalidation If:
❌ Price closes back below $32.29
❌ Rejection with strong bearish candle near $36.50
❌ Fails to hold above triangle breakout zone
🔹 Asset: Simulations Plus, Inc. (SLP – NASDAQ)
🔹 Chart Pattern: Symmetrical Triangle Breakout + Retest
🔹 Timeframe: 30-Minute
📊 Trade Plan – Long Position
✅ Entry Zone: $33.86 (Breakout above triangle + yellow level reclaim)
✅ Stop-Loss (SL): $32.29 (Below rising trendline and structure base)
🎯 Take Profit Targets:
📌 TP1: $36.54 – Previous key resistance
📌 TP2: $39.26 – Major horizontal resistance zone
📐 Risk-Reward Calculation
🟥 Risk per share: $1.57
🟩 Reward to TP2: $5.40
📊 R/R Ratio: ~1 : 3.4 – High reward with defined risk
🔍 Technical Highlights
📌 Clean breakout from triangle resistance
📌 Reclaim of yellow horizontal level with breakout candle ✔
📌 Consistent higher lows forming a strong ascending base
📌 Volume gradually increasing near breakout
📉 Risk Management Strategy
🔁 Move SL to breakeven once TP1 is reached
💰 Lock partial profits at TP1
🚀 Ride the runner to TP2 using a trailing stop if momentum builds
🚨 Setup Invalidation If:
❌ Price closes back below $32.29
❌ Rejection with strong bearish candle near $36.50
❌ Fails to hold above triangle breakout zone
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.