MRVL | Ichimoku Breakout Setup with Fractal and MACD
Marvell Technology (MRVL) just printed a clean bullish breakout setup across multiple technical systems. Here's the breakdown:
Why This Setup Matters
Ichimoku Cloud: Price has decisively cleared the cloud with bullish Tenkan-Kijun alignment. The Senkou Span A is rising, and the cloud ahead is thin — suggesting low resistance and potential acceleration.
Fractal Support: Multiple upward fractals formed near the $73–$74 support zone, validating the base before the breakout. Price broke the most recent fractal high, triggering a potential continuation.
MACD Momentum: A bullish crossover just occurred, with the histogram flipping positive — a classic momentum confirmation following consolidation.
Trade Parameters
Entry: $76.02
Stop: $70.41 (below the recent flat Kijun and cloud base)
Target: $89.93 (R1 pivot zone and psychological resistance)
Risk:Reward Ratio: 2.48
Projected Move: +18.35%
Additional Confluence
The Kumo breakout occurred alongside a flat Kijun and a narrowing cloud — a textbook edge-to-trend signal.
Price structure has formed higher lows since June.
Potential for strong institutional interest heading into earnings.
Risk Notes
Watch for rejection around $78.50 (prior resistance zone).
The upcoming cloud twist is narrow — if the Tenkan turns flat, a short-term pullback could occur before continuation.
Let me know in the comments if you're watching MRVL or trading this breakout. I’ll post an update if we get confirmation above $78 with volume.
Why This Setup Matters
Ichimoku Cloud: Price has decisively cleared the cloud with bullish Tenkan-Kijun alignment. The Senkou Span A is rising, and the cloud ahead is thin — suggesting low resistance and potential acceleration.
Fractal Support: Multiple upward fractals formed near the $73–$74 support zone, validating the base before the breakout. Price broke the most recent fractal high, triggering a potential continuation.
MACD Momentum: A bullish crossover just occurred, with the histogram flipping positive — a classic momentum confirmation following consolidation.
Trade Parameters
Entry: $76.02
Stop: $70.41 (below the recent flat Kijun and cloud base)
Target: $89.93 (R1 pivot zone and psychological resistance)
Risk:Reward Ratio: 2.48
Projected Move: +18.35%
Additional Confluence
The Kumo breakout occurred alongside a flat Kijun and a narrowing cloud — a textbook edge-to-trend signal.
Price structure has formed higher lows since June.
Potential for strong institutional interest heading into earnings.
Risk Notes
Watch for rejection around $78.50 (prior resistance zone).
The upcoming cloud twist is narrow — if the Tenkan turns flat, a short-term pullback could occur before continuation.
Let me know in the comments if you're watching MRVL or trading this breakout. I’ll post an update if we get confirmation above $78 with volume.
Dagangan aktif
Trade active. Might let this one ride: 
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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.