Trade Setup: LONG on AAP!

📊
🕰️ Timeframe: 30-minute chart
🔍 Pattern: Falling wedge breakout
📉 Previous Trend: Sharp sell-off
🔁 Setup: Reversal from demand zone with breakout confirmation

🧩 Technical Breakdown:
Support Zone:

Around $57.00 (highlighted with pink & white lines)

Retesting prior breakout + holding demand zone

Resistance / Target Zones:

TP1: $58.92 (orange line – minor resistance)

TP2: $60.69 (green line – major resistance)

Entry:

Ideal near $57.00–$57.50, post-breakout candle (as seen on chart with blue circle)

Stop Loss:

Below recent low: around $56.00 (under pink trendline and horizontal support)

Risk-Reward Ratio:

~1:2+ depending on stop placement and exit at TP2

⚠️ What to Watch:
Volume confirmation on breakout (not shown in image but crucial)

Price retesting wedge breakout and holding above $57.00

Market sentiment and overall sector performance

✅ Summary:
This is a bullish reversal trade off a key support zone with a clean breakout from a falling wedge. Holding above $57 confirms buyers are stepping in. Room to run up to $60.69 if momentum builds.