TradeAXN

Current Price and Trend: * The current price is $154.84, which is a decrease of $1.38 or -0.88%. * The chart shows a clear symmetrical triangle formation in the price action. This typically indicates a period of consolidation and indecision before a significant move in either direction.Key Levels and Potential Scenarios:Bullish Scenario (Breakout to the Upside): * Buy Zone: The "BUY" button is currently at $154.84, indicating a potential entry for a long position around this level if the price breaks above the triangle's upper resistance. * Resistance: The upper trendline of the symmetrical triangle acts as immediate resistance. * Target: A potential "Target" is marked at approximately $157.58. This target is derived by projecting the height of the triangle from the breakout point. This suggests a significant upward move is anticipated if the breakout occurs.Bearish Scenario (Breakdown to the Downside): * Sell Zone: The "SELL" button is also at $154.84, suggesting a potential entry for a short position if the price breaks below the triangle's lower support. * Support: The lower trendline of the symmetrical triangle acts as immediate support. * Stop Loss: A stop-loss zone is indicated between approximately $154.61 and $154.91 (marked in red). This is a crucial level to protect against further losses if the trade goes against the intended direction. * Target: A potential "Target" is marked at approximately $152.13. This target is derived by projecting the height of the triangle downwards from the breakdown point. This implies a notable downward move is expected if a breakdown occurs.