Ticker: FIVN (NASDAQ)
Setup: Symmetrical Triangle Breakout + Downtrend Break
Breakout Zone: ~$22.60 (yellow zone + triangle apex)
Trade Plan (Long Bias)
Entry Range: $22.60–$22.80
Stop Loss (SL): Below $21.55 (white support level)
Profit Targets: • TP1: $24.11 (prior resistance zone)
• TP2: $25.80 (key breakout level)
Risk-Reward Notes:
• Clean triangle breakout with bullish momentum
• Downtrend line broken with small-bodied candles → shows buildup
• Potential volume expansion could confirm move
• Risk-reward setup favors bulls above $22.60
Technical Highlights:
• Downtrend breakout + higher low formation
• Triangle breakout shows buyers regaining control
• $24.11 is a key test level — watch reaction
• Price held above strong support at $21.55
️ Trade Management:
• Move stop to breakeven after TP1
• Trail SL using 9EMA or trendline
• Monitor volume on push above $23 for momentum confirmation
️ Setup Invalidation:
Breakdown and close below $21.55
Bearish engulfing candle with high volume
Price consolidates below triangle after breakout (fakeout risk)