Breakout of falling wedge pattern in $ZM Zoom

In this script we see a nice falling wedge pattern formed and a breakout is seen on daily and weekly charts.
The failure rate of falling wedge pattern is around 8-15% so its a high probability setup.
Based on setup targets can be 88, 120 with stop-loss around 73 or 66 based on daily closing basis.
any dip from here can be good point to enter.

تعليق:

Also, if you see the RSI divergence on weekly chart of $ZM Zoom along with falling wedge breakout the probability of script moving upside increases.
Just respect the stop loss and risk reward and one can make most of this setup :)
Happy trading!

If you like my analysis do follow me and share the work as it will motivate me to share more analysis :)