Analyze {{TICKER}} for potential breakout or breakdown setups:
1. Pattern Identification:
- Current chart pattern (triangle, wedge, channel, H&S, etc.)
- Pattern duration and development stage
- Measured move target if pattern completes
2. Key Trigger Level:
- Breakout level with exact price
- Breakdown level with exact price
- Current distance to trigger (%)
3. Confirmation Signals Needed:
- Volume confirmation threshold (vs. 20-day average)
- Close above/below level (intraday vs. daily)
- Follow-through expectations
4. False Breakout Risk Assessment:
- Previous failed breakouts at this level
- Counter-trend pressure
- Market context (sector, overall market trend)
5. Trade Parameters:
- Entry strategy (on break vs. retest)
- Stop placement
- Target 1 (pattern measured move)
- Target 2 (next major resistance/support)
- Position sizing suggestion based on volatility
6. Invalidation Criteria:
- What price action would invalidate the setup?
- Maximum holding time if no resolution
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Breakout/Breakdown Setup Scanner
BreakoutBreakdownPattern Trading
ThesisBoard
Author
Asset Class:Equity
Research Type:Technical
Stance:Neutral