GitLab (GTLB) is setting up for a potential trend reversal following a textbook triple bottom pattern and a clean breakout above the cloud. Here's the technical breakdown:
Why This Setup Matters
Triple Bottom Pattern: Reversal structure is clear with three defined lows at ~$38, ~$40, and ~$41. The most recent leg up confirms buyers defending that zone.
Ichimoku Cloud: Price has broken above the Kumo with bullish Tenkan-Kijun cross. The leading span A is pointing up, and the cloud ahead is flat and thin — ideal conditions for continuation.
MACD Momentum: Histogram flipped positive again with green signal line crossover — a momentum shift from accumulation to breakout phase.
Trade Parameters
Entry: $46.53
Stop: $43.63 (below Tenkan and the neckline zone)
Target: $53.33
Risk:Reward Ratio: 2.34
Projected Move: +14.59%
Additional Confluence
Daily closes above cloud show growing strength from buyers.
Each bottom was followed by increasing MACD strength — a bullish divergence over time.
Pivot zone at R1 ($53.49) aligns with the price target, adding structure to the exit plan.
Risk Notes
Failure to hold $46 with volume could invalidate the breakout — watch for a retest.
If price closes below Tenkan, reevaluate the setup for weakness.
Volume confirmation needed on the next daily candle for strong conviction.
This is a technical breakout aligned with pattern recognition and trend metrics. Ideal for swing setups with controlled downside.
Why This Setup Matters
Triple Bottom Pattern: Reversal structure is clear with three defined lows at ~$38, ~$40, and ~$41. The most recent leg up confirms buyers defending that zone.
Ichimoku Cloud: Price has broken above the Kumo with bullish Tenkan-Kijun cross. The leading span A is pointing up, and the cloud ahead is flat and thin — ideal conditions for continuation.
MACD Momentum: Histogram flipped positive again with green signal line crossover — a momentum shift from accumulation to breakout phase.
Trade Parameters
Entry: $46.53
Stop: $43.63 (below Tenkan and the neckline zone)
Target: $53.33
Risk:Reward Ratio: 2.34
Projected Move: +14.59%
Additional Confluence
Daily closes above cloud show growing strength from buyers.
Each bottom was followed by increasing MACD strength — a bullish divergence over time.
Pivot zone at R1 ($53.49) aligns with the price target, adding structure to the exit plan.
Risk Notes
Failure to hold $46 with volume could invalidate the breakout — watch for a retest.
If price closes below Tenkan, reevaluate the setup for weakness.
Volume confirmation needed on the next daily candle for strong conviction.
This is a technical breakout aligned with pattern recognition and trend metrics. Ideal for swing setups with controlled downside.
Dagangan ditutup: hentian tercapai
This is why we use stop loss 
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Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
If you found my trades helpful, please consider sending a tip in BTC to: bc1qr35mrh82hykpy9v6znpsyuew85x84ezjyrrf6m
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.