Today’s analysis highlights a major wedge formation detected on the SAIA chart using the Wedge & Triangle Detector with Vector Gradient Background.
🔍 Key Observations:
Wedge/Triangle breakout potential is clearly forming.
The measured move target is projecting a +281% potential gain from the current wedge structure.
Breakout Target Zone: ~875 USD based on Fibonacci extensions and wedge height.
Immediate Resistance: ~628 USD (historical high level).
Support Zone: ~323 USD to 428 USD (Fibonacci 0.236 to 0.5).
📊 Indicators:
Magnitude & Vector Analysis shows bullish setup building (+1.764 magnitude on support vectors).
Volume pressure appears ready to break the tightening range.
⏳ Long-Term Outlook:
If this wedge resolves to the upside, SAIA could enter a massive multi-year bullish phase.
Conservative projections based on technicals put a price target well above current levels, aligning with Fibonacci 1.618 to 2.618 extensions.
⚡ Final Thoughts: This setup is one to watch closely. Triangles and wedges often lead to explosive moves once the squeeze finishes. As always, manage risk and watch for confirmation signals before entering.
#Trading #TechnicalAnalysis #SAIA #BreakoutSetup #Fibonacci #WedgePattern #StockMarket
🔍 Key Observations:
Wedge/Triangle breakout potential is clearly forming.
The measured move target is projecting a +281% potential gain from the current wedge structure.
Breakout Target Zone: ~875 USD based on Fibonacci extensions and wedge height.
Immediate Resistance: ~628 USD (historical high level).
Support Zone: ~323 USD to 428 USD (Fibonacci 0.236 to 0.5).
📊 Indicators:
Magnitude & Vector Analysis shows bullish setup building (+1.764 magnitude on support vectors).
Volume pressure appears ready to break the tightening range.
⏳ Long-Term Outlook:
If this wedge resolves to the upside, SAIA could enter a massive multi-year bullish phase.
Conservative projections based on technicals put a price target well above current levels, aligning with Fibonacci 1.618 to 2.618 extensions.
⚡ Final Thoughts: This setup is one to watch closely. Triangles and wedges often lead to explosive moves once the squeeze finishes. As always, manage risk and watch for confirmation signals before entering.
#Trading #TechnicalAnalysis #SAIA #BreakoutSetup #Fibonacci #WedgePattern #StockMarket
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