Scenario Checks & Trade Triggers
Here are possible scenarios / “what ifs” to monitor, based on pattern logic:
Bullish breakout
If PTRN breaks above resistance (~$13.70–$14.50) on strong volume, that could suggest a move toward new highs (or at least a test of prior highs).
False breakout / retest
A breakout that fails and falls back into the range would be a warning. Watch for price retesting resistance as support (which fails) or failing to hold near the breakout zone.
Bearish breakdown
If it falls below the lower side of the range (support ~ $12.60–$13.50), that could initiate a sharper downward move or test lower levels (depending on where the next structural support lies).
Continuation / sideways
PTRN may spend more time in a consolidation range before picking a direction (especially given IPO noise).
Volume & momentum confirming signals
Because the history is short, confirmation (especially via volume, momentum indicators like RSI, MACD, etc.) will be crucial before committing in a direction.
Here are possible scenarios / “what ifs” to monitor, based on pattern logic:
Bullish breakout
If PTRN breaks above resistance (~$13.70–$14.50) on strong volume, that could suggest a move toward new highs (or at least a test of prior highs).
False breakout / retest
A breakout that fails and falls back into the range would be a warning. Watch for price retesting resistance as support (which fails) or failing to hold near the breakout zone.
Bearish breakdown
If it falls below the lower side of the range (support ~ $12.60–$13.50), that could initiate a sharper downward move or test lower levels (depending on where the next structural support lies).
Continuation / sideways
PTRN may spend more time in a consolidation range before picking a direction (especially given IPO noise).
Volume & momentum confirming signals
Because the history is short, confirmation (especially via volume, momentum indicators like RSI, MACD, etc.) will be crucial before committing in a direction.
Penafian
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.
Penafian
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.