HOOD · 4H — Bullish Continuation Setup Targeting $109 → $115

Pattern Overview

HOOD has been riding a strong ascending trendline since early May, respecting higher highs and higher lows all the way up.

After the most recent parabolic move from ~$90 to ~$101, price is now consolidating in a bullish pennant, just above key fib levels.

The setup looks primed for continuation if we see a breakout above $101 with confirming volume.



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🎯 Target Zones

🎯 Target Level Why It Matters

Target 1 $109.76 78.6% Fibonacci extension from the previous leg. Common spot for intermediate take-profit. Also matches a soft VPVR resistance area.
Target 2 $114.96 100% measured-move projection of the prior rally. If momentum accelerates, this becomes a realistic stretch zone.



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🛠️ Trade Plan (Example)

Component Level

Trigger Break and hold above $101 with volume ≥ 20-SMA.
Add-on Opportunity Pullback into $96–97 that respects the rising trendline.
Stop-loss Close < $92.5 invalidates trendline.
TP-1 $109–110 — take partials, move stop to breakeven.
TP-2 $114–115 — full exit or runner trail zone.



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⚠️ Risk Notes

Watch for false breakouts — confirmation needs volume and price stability above $101.

Earnings or macro news could override technicals. Use tighter stops ahead of event dates.

If trendline fails, next key support sits at $89–90 (previous consolidation base).



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✅ Trade Checklist

[x] Bullish trendline intact

[x] Continuation pennant forming

[x] Fib & measured move confluence at $109–115

[x] Volume profile supports clean move above $101

[x] Clear invalidation under $92


> Disclaimer: This is not financial advice. Always trade your own plan and manage risk appropriately.