ESTA/USD โ 30-Min Short Trade Setup !๐ ๐
๐น Asset: ESTA (Establishment Labs Holdings Inc.)
๐น Timeframe: 30-Min Chart
๐น Setup Type: Bearish Breakdown Trade
๐ Trade Plan (Short Position)
โ
Entry Zone: Below $42.92 (Breakdown Confirmation)
โ
Stop-Loss (SL): Above $45.36 (Invalidation Level)
๐ฏ Take Profit Targets:
๐ TP1: $40.41 (First Support Level)
๐ TP2: $37.69 (Extended Bearish Move)
๐ Risk-Reward Ratio Calculation
๐ Risk (SL Distance): $45.36 - $42.92 = $2.44 risk per share
๐ Reward to TP1: $42.92 - $40.41 = $2.51 (1:1 R/R)
๐ Reward to TP2: $42.92 - $37.69 = $5.23 (1:2.1 R/R)
๐ Technical Analysis & Strategy
๐ Rising Wedge Breakdown: Price has broken below a rising wedge, signaling a bearish move.
๐ Loss of Momentum: The stock is struggling to hold above $42.92, indicating weakness.
๐ Volume Confirmation Needed: Ensure high selling volume below $42.92 to confirm the short entry.
๐ Momentum Shift Expected: If price drops below $42.92, it may test $40.41 and then $37.69.
๐ Key Support & Resistance Levels
๐ด $45.36 โ Stop-Loss / Resistance Level
๐ก $42.92 โ Breakdown Level / Short Entry
๐ข $40.41 โ First Support / TP1
๐ข $37.69 โ Final Target / TP2
๐ Trade Execution & Risk Management
๐ Volume Confirmation: Ensure high selling volume below $42.92 before entering.
๐ Trailing Stop Strategy: Move SL to entry ($42.92) after TP1 ($40.41) is hit.
๐ฐ Partial Profit Booking Strategy:
โ Take 50% profits at $40.41, let the rest run toward $37.69.
โ Adjust Stop-Loss to Break-even ($42.92) after TP1 is reached.
โ ๏ธ Fake Breakdown Risk
โ If the price fails to hold below $42.92 and bounces back, exit early to avoid losses.
โ Wait for a strong bearish candle close below $42.92 before entering aggressively.
๐ Final Thoughts
โ Bearish Setup โ Breaking below $42.92 could lead to lower targets.
โ Momentum Shift Possible โ Watch for volume confirmation.
โ Favorable Risk-Reward Ratio โ 1:1 to TP1, 1:2.1 to TP2.
๐ก Stick to the plan, manage risk, and trade smart! ๐๐
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ESTA trade ideas
ESTA/USD โ 30-Min Long Trade Setup !๐๐
๐น Asset: ESTA (Establishment Labs Holdings Inc.)
๐น Timeframe: 30-Min Chart
๐น Setup Type: Bullish Breakout Trade
๐ Trade Plan (Long Position)
โ
Entry Zone: Above $42.50 (Breakout Confirmation)
โ
Stop-Loss (SL): Below $39.60 (Break of Support & Trendline)
๐ฏ Take Profit Targets:
๐ TP1: $45.63 (First Resistance Level)
๐ TP2: $49.60 (Final Target โ Extended Bullish Move)
๐ Risk-Reward Ratio Calculation
๐ Risk (SL Distance): $42.50 - $39.60 = $2.90 per share
๐ Reward to TP1: $45.63 - $42.50 = $3.13 (1:1.08 R/R)
๐ Reward to TP2: $49.60 - $42.50 = $7.10 (1:2.45 R/R)
๐ Technical Analysis & Strategy
๐ Ascending Trendline Support: Price respecting trendline, bullish momentum intact.
๐ Breakout Confirmation: A strong bullish candle above $42.50 with volume signals continuation.
๐ Momentum Shift Expected: Above $42.50, upside to $45.63 (TP1) and $49.60 (TP2) is likely.
๐ Key Support & Resistance Levels
๐ข $39.60 โ Key Support / Stop-Loss Level
๐ก $42.50 โ Entry / Breakout Level
๐ด $45.63 โ First Target / TP1
๐ด $49.60 โ Final Target / TP2
๐ Trade Execution & Risk Management
๐ Volume Confirmation: Ensure strong buying above $42.50 before entering.
๐ Trailing Stop Strategy: Move SL to entry ($42.50) after TP1 ($45.63) is hit.
๐ฐ Partial Profit Booking Strategy:
โ Take 50% profits at TP1 ($45.63), let the rest run to TP2 ($49.60).
โ Adjust Stop-Loss to Break-even ($42.50) after TP1 is reached.
โ ๏ธ Breakout Failure Risk
โ If price rejects $42.50 and falls below trendline ($39.60), exit early to minimize risk.
โ Wait for a strong bullish candle close above $42.50 before entering aggressively.
๐ Final Thoughts
โ Bullish Setup โ Breakout above $42.50 confirms momentum.
โ Momentum Shift Possible โ Watch for volume confirmation.
โ Favorable Risk-Reward Ratio โ 1:1.08 (TP1) & 1:2.45 (TP2).
๐ก Stick to the plan, manage risk, and trade smart! ๐๐
๐ #StockTrading #ESTA #BreakoutTrade #TechnicalAnalysis #MomentumStocks #ProfittoPath #TradingView #StockMarket #SwingTrading #RiskManagement #ChartAnalysis ๐๐
ESTA early entry longESTA is setting up for an early entry long trade. There is significant supply near the $79 mark which has been getting worked through for several weeks. A move above this area should see a continuation of the cup and handle pattern and a test of the highs.
My goal is to have a nice profit cushion when the price hits $88 and then add on a breakout into new high ground.
I'm working a stop at $75.00.
ESTA: Spec Play with great potential Breast augmentation based in Costa Rica which focuses in Latin America & Europe...
Minuette four looks to be in progress with subminuette a completed as a five with a 3 reactionary; should see another subminuette five wave down towards 50 range. Im expecting a flat/triangle in this minuette four, so 76 would be an expected take profit.
Over trend of this company is bullish long term, although the price for that value is longer down the line.
The case study we have here is taking advantage of the short price fluctuations
Education only
ESTA, Aroon Indicator entered an Uptrend on December 15, 2020.Over the last three days, Tickeron's A.I.dvisor has detected that ESTA's AroonUp green line (see chart) is above 70, while the AroonDown red line is below 30. When the green line goes above 70 while the red line stays below 30, this is an indicator that the stock could be poised for a strong Uptrend. For traders, this could mean going long the stock or exploring call options in the next month. Tickeron's A.I.dvisor backtested this indicator and found 101 similar cases, 86 of which were successful. Based on this data, the odds of success are 85%. Current price $32.16 is above $28.27 the highest resistance line found by Tickeron A.I. Throughout the month of 11/12/20 - 12/15/20, the price experienced a +29% Uptrend. During the week of 12/08/20 - 12/15/20, the stock enjoyed a +7% Uptrend growth.
Bullish Trend Analysis
The Momentum Indicator moved above the 0 level on December 02, 2020. You may want to consider a long position or call options on ESTA as a result. Tickeron A.I. detected that in 37 of 43 past instances where the momentum indicator moved above 0, the stock continued to climb. The odds of a continued upward trend are 86%.
The Moving Average Convergence Divergence (MACD) for ESTA just turned positive on December 04, 2020. Looking at past instances where ESTA's MACD turned positive, the stock continued to rise, Tickeron A.I. shows that in 20 of 25 cases over the following month. The odds of a continued upward trend are 80%.
ESTA moved above its 50-day Moving Average on October 21, 2020 date and that indicates a change from a downward trend to an upward trend.
The 10-day Moving Average for ESTA crossed bullishly above the 50-day moving average on October 08, 2020. This indicates that the trend has shifted higher and could be considered a buy signal. Tickeron A.I. detected that in 6 of 8 past instances when the 10-day crossed above the 50-day, the stock continued to move higher over the following month. The odds of a continued upward trend are 75%.
Following a +5.50% 3-day Advance, the price is estimated to grow further. Considering data from situations where ESTA advanced for three days, in 114 of 133 cases, the price rose further within the following month. The odds of a continued upward trend are 86%.
The Aroon Indicator entered an Uptrend today. Tickeron A.I. detected that in 86 of 101 cases where ESTA Aroon's Indicator entered an Uptrend, the price rose further within the following month. The odds of a continued Uptrend are 85%.