Ticker: 
STZ (Constellation Brands Inc.)
📆 Timeframe: 1W (Weekly)
📉 Price: $166.74
📈 Pattern: Descending wedge + long-term parallel channel from 1989
📊 Pattern Breakout Probability: ~69% in favor of bullish reversal
🔍 Technical Setup:
STZ is currently testing the lower bound of a macro rising channel going back to 1989 — a level historically associated with major market bottoms. At the same time, price is compressing inside a descending wedge, a high-probability bullish reversal structure.
📊 According to historical chart pattern statistics, falling wedges break upward ~68% of the time, especially when accompanied by rising volume and multi-decade support.
🧠 Trade Thesis:
📥 Buy Zone: $160–$170
⛔ Stop-Loss: $150.79 (below wedge support, could be an increasing trailing stop)
📐 Probability of Upward Breakout: ~69%, based on classical pattern statistics
🎯 Upside Targets & ROIC (from $166.74):
Target Price Return
🎯 Target 1 $218 +31.2%
🎯 Target 2 $257 +54.2%
🎯 Target 3 $273 +63.8%
⚠️ Why This Setup Is Exceptional:
✅ 35-year rising channel support — rarely tested
✅ Descending wedge compression = bullish tension
✅ Volume spike and price rejection = signs of bottoming
✅ Statistically supported pattern → ~7 in 10 chance of breakout
💬 STZ combines deep technical structure with statistically supported probabilities.
This is the kind of trade setup where structure, price, and probabilities align.
#STZ #FallingWedge #ChartPatterns #SwingSetup #TechnicalBreakout #TargetTraders
STZ (Constellation Brands Inc.)📆 Timeframe: 1W (Weekly)
📉 Price: $166.74
📈 Pattern: Descending wedge + long-term parallel channel from 1989
📊 Pattern Breakout Probability: ~69% in favor of bullish reversal
🔍 Technical Setup:
STZ is currently testing the lower bound of a macro rising channel going back to 1989 — a level historically associated with major market bottoms. At the same time, price is compressing inside a descending wedge, a high-probability bullish reversal structure.
📊 According to historical chart pattern statistics, falling wedges break upward ~68% of the time, especially when accompanied by rising volume and multi-decade support.
🧠 Trade Thesis:
📥 Buy Zone: $160–$170
⛔ Stop-Loss: $150.79 (below wedge support, could be an increasing trailing stop)
📐 Probability of Upward Breakout: ~69%, based on classical pattern statistics
🎯 Upside Targets & ROIC (from $166.74):
Target Price Return
🎯 Target 1 $218 +31.2%
🎯 Target 2 $257 +54.2%
🎯 Target 3 $273 +63.8%
⚠️ Why This Setup Is Exceptional:
✅ 35-year rising channel support — rarely tested
✅ Descending wedge compression = bullish tension
✅ Volume spike and price rejection = signs of bottoming
✅ Statistically supported pattern → ~7 in 10 chance of breakout
💬 STZ combines deep technical structure with statistically supported probabilities.
This is the kind of trade setup where structure, price, and probabilities align.
#STZ #FallingWedge #ChartPatterns #SwingSetup #TechnicalBreakout #TargetTraders
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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.