WLD formed a symmetrical triangle after a sharp advance. The price has broken above the triangle’s descending trendline with bullish follow-through candles. Buyers have been defending the rising lower trendline, and RSI has recovered from mid-range to ~59 — momentum is building but not overbought.
Key observations
Pattern: Symmetrical triangle → breakout to the upside on the hourly chart.
Candles: Breakout candle followed by bullish follow-through; watch for a clean retest of the breakout trendline as confirmation.
Momentum: RSI ~59 (room to run).
Support: 1.53 (strong demand area and triangle base).
Immediate resistance cluster: 1.87 → 2.02 → 2.23.
Trade plan (if you choose to take it)
Entry: 1.65 – 1.70
Stop loss: 1.53 (invalidation of triangle breakout)
Targets:
T1: 1.87 — Expected profit ≈ 10.00% – 13.33% (entry 1.70 → 1.65).
T2: 2.02 — Expected profit ≈ 18.82% – 22.42%.
T3: 2.23 — Expected profit ≈ 31.18% – 35.15%.
Risk if stopped: loss ≈ 7.27% – 10.00% (depending on entry within the range).
Risk notes / invalidation
Loss of 1.53 would invalidate the breakout and likely push price back to lower supports; treat 1.53 as the key invalidation level.
Ideal confirmation: retest of breakout trendline with clean rejection and/or volume confirmation.
Not Financial Advice | DYOR !!
Key observations
Pattern: Symmetrical triangle → breakout to the upside on the hourly chart.
Candles: Breakout candle followed by bullish follow-through; watch for a clean retest of the breakout trendline as confirmation.
Momentum: RSI ~59 (room to run).
Support: 1.53 (strong demand area and triangle base).
Immediate resistance cluster: 1.87 → 2.02 → 2.23.
Trade plan (if you choose to take it)
Entry: 1.65 – 1.70
Stop loss: 1.53 (invalidation of triangle breakout)
Targets:
T1: 1.87 — Expected profit ≈ 10.00% – 13.33% (entry 1.70 → 1.65).
T2: 2.02 — Expected profit ≈ 18.82% – 22.42%.
T3: 2.23 — Expected profit ≈ 31.18% – 35.15%.
Risk if stopped: loss ≈ 7.27% – 10.00% (depending on entry within the range).
Risk notes / invalidation
Loss of 1.53 would invalidate the breakout and likely push price back to lower supports; treat 1.53 as the key invalidation level.
Ideal confirmation: retest of breakout trendline with clean rejection and/or volume confirmation.
Not Financial Advice | DYOR !!
منشورات ذات صلة
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منشورات ذات صلة
إخلاء المسؤولية
لا يُقصد بالمعلومات والمنشورات أن تكون، أو تشكل، أي نصيحة مالية أو استثمارية أو تجارية أو أنواع أخرى من النصائح أو التوصيات المقدمة أو المعتمدة من TradingView. اقرأ المزيد في شروط الاستخدام.