๐
๐น Asset: Clearfield, Inc. (NASDAQ: CLFD)
๐น Timeframe: 30-Minute Chart
๐น Setup Type: Ascending Triangle Breakout (Bullish Continuation)
๐ Trade Plan (Long Position)
โ Entry Zone: Around $36.30 (Confirmed breakout above resistance)
โ Stop-Loss (SL): Below $34.67 (Below trendline & prior support)
๐ฏ Take Profit Targets
๐ TP1: $38.41 โ Prior high / resistance zone
๐ TP2: $40.80 โ Measured move projection
๐ Risk-Reward Calculation
๐ Risk: $36.30 - $34.67 = $1.63
๐ Reward to TP1: $38.41 - $36.30 = $2.11 โ R:R = 1:1.29
๐ Reward to TP2: $40.80 - $36.30 = $4.50 โ R:R = 1:2.76 โ
๐ Technical Highlights
๐ Ascending triangle breakout with higher lows
๐ Bullish volume spike confirms breakout
๐ Yellow line zone flipped from resistance to support
๐ Clean trendline support with strong price action
๐ Execution Strategy
๐ Enter above $36.30 after a strong candle close
๐ SL below $34.67 to avoid fakeouts
๐ฐ Book partial at TP1, let rest run toward TP2
๐จ Invalidation Risk
โ Drop below $34.67 cancels bullish bias
โ Bearish engulfing candle with volume = exit early
๐ Final Take
โ Breakout from strong bullish pattern
โ Excellent R:R profile with momentum
โ Ideal for continuation traders โ just manage your risk smartly
๐น Asset: Clearfield, Inc. (NASDAQ: CLFD)
๐น Timeframe: 30-Minute Chart
๐น Setup Type: Ascending Triangle Breakout (Bullish Continuation)
๐ Trade Plan (Long Position)
โ Entry Zone: Around $36.30 (Confirmed breakout above resistance)
โ Stop-Loss (SL): Below $34.67 (Below trendline & prior support)
๐ฏ Take Profit Targets
๐ TP1: $38.41 โ Prior high / resistance zone
๐ TP2: $40.80 โ Measured move projection
๐ Risk-Reward Calculation
๐ Risk: $36.30 - $34.67 = $1.63
๐ Reward to TP1: $38.41 - $36.30 = $2.11 โ R:R = 1:1.29
๐ Reward to TP2: $40.80 - $36.30 = $4.50 โ R:R = 1:2.76 โ
๐ Technical Highlights
๐ Ascending triangle breakout with higher lows
๐ Bullish volume spike confirms breakout
๐ Yellow line zone flipped from resistance to support
๐ Clean trendline support with strong price action
๐ Execution Strategy
๐ Enter above $36.30 after a strong candle close
๐ SL below $34.67 to avoid fakeouts
๐ฐ Book partial at TP1, let rest run toward TP2
๐จ Invalidation Risk
โ Drop below $34.67 cancels bullish bias
โ Bearish engulfing candle with volume = exit early
๐ Final Take
โ Breakout from strong bullish pattern
โ Excellent R:R profile with momentum
โ Ideal for continuation traders โ just manage your risk smartly
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.