FTAI: Wedge Breakout Cleared for Takeoff — $280s again?FTAI Aviation Ltd.BATS:FTAIibraheeemzStory: 📊 The Pattern — FTAI pulled back into the long-term rising trendline, where it met the base of a falling wedge and a strong support zone of $149 level. It bounced from that confluence and broke out of the wedge with a large gap higher, reclaiming the EMA20 and EMA50 in the process. ⚡ The Confirmation — The breakout candle gapped over the upper wedge line, and volume has been building on the move. Price is now trading above the short-term moving averages. The gap and the EMA20 sit just below, which is where buyers would be expected to defend on a pullback. 🎯 Levels to Watch SL: $145, below the trendline and the wedge low Retest / buy zone: $160–$170 (lower the better), the breakout area where the gap and EMA20 sit Resistance 1: $200, with the daily EMA200 just above it Resistance 2: $230 Stretch: $285, near where the wedge began 🧩 Trade Plan — Scale out 30-50% at $200. Move the stop to breakeven once $200 is tapped. Trail the remainder toward $230 and scale out further there. Let a small runner ride toward $285 if momentum holds. 🧠 The Read — This is a wedge breakout off long-term trendline support, with the best entry on a retest of the breakout area rather than a chase into resistance. The daily EMA200 and the $200 level sit close together overhead, so a clean close above both is what would turn the daily trend. Failure to hold the gap and EMA20 on a retest would send price back toward the wedge breakout line, and a break below $145 invalidates the setup. $285 is simply the prior swing high, which also lines up with where the wedge started, so it’s an objective that is common for this pattern but not guaranteed. Chart study, not financial advice.