A.O. Smith Corporation (AOS) – Symmetrical Triangle Breakdown
🔎 Description:
AOS has formed a symmetrical triangle pattern and has broken downward, signaling a potential bearish move. Given the prior downtrend, this continuation pattern aligns with the overall bearish momentum.
📉 Trade Setup:
Bias: Bearish
Reasoning: Breakdown of symmetrical triangle in a downtrend
Confirmation: Price closing below the pattern with increasing volume
Trade Type: Short
🔑 Key Levels:
Entry: Near 65.61
Stop Loss: 🔴 69.34
Target: 🟢 63.09
📊 Watching for further momentum to confirm downside move. 🚨 Manage risk accordingly!
AOS has formed a symmetrical triangle pattern and has broken downward, signaling a potential bearish move. Given the prior downtrend, this continuation pattern aligns with the overall bearish momentum.
📉 Trade Setup:
Bias: Bearish
Reasoning: Breakdown of symmetrical triangle in a downtrend
Confirmation: Price closing below the pattern with increasing volume
Trade Type: Short
🔑 Key Levels:
Entry: Near 65.61
Stop Loss: 🔴 69.34
Target: 🟢 63.09
📊 Watching for further momentum to confirm downside move. 🚨 Manage risk accordingly!
Trading ditutup: stop tercapai
Pernyataan Penyangkalan
Informasi dan publikasi ini tidak dimaksudkan, dan bukan merupakan, saran atau rekomendasi keuangan, investasi, trading, atau jenis lainnya yang diberikan atau didukung oleh TradingView. Baca selengkapnya di Ketentuan Penggunaan.
Pernyataan Penyangkalan
Informasi dan publikasi ini tidak dimaksudkan, dan bukan merupakan, saran atau rekomendasi keuangan, investasi, trading, atau jenis lainnya yang diberikan atau didukung oleh TradingView. Baca selengkapnya di Ketentuan Penggunaan.