MDB · 4H — Ascending Triangle Breakout Toward $224 → $231MongoDB, Inc.BATS:MDBVarghaVafaMDB · 4H — Ascending Triangle Breakout Toward $224 → $231 Setup Breakdown Ascending triangle breakout: Price has been coiling just under $212 while making higher lows since mid-June. This 4H candle confirms a bullish breakout with solid volume, suggesting a fresh momentum leg is underway. The triangle projects a measured move toward $224–$225, with room to extend into Fib confluence at $231. --- 🎯 Target Zones Target Level Reason Target-1 $224.62 (50% Fib) Measured-move projection from triangle base to breakout + minor resistance shelf. Target-2 $231.28 (61.8% Fib) Prior breakdown area + strong Fibonacci confluence + low-volume area on VPVR. --- 🛠️ Trade Plan Component Level Trigger Confirmed breakout above $212 — long bias active. Retest Entry Watch for a bullish retest of $212–213 (former resistance turned support). Stop-loss Close < $209 = breaks rising structure. TP-1 $224 — take 50–70%, trail stop. TP-2 $231 — final exit unless volume surges. --- ⚠️ Risk Notes Earnings scheduled July 25 (AMC) — options market may begin pricing in volatility. If no follow-through above $218, consider scaling out early. Volume must stay strong to sustain through the VPVR gap zone. --- ✅ Idea Checklist Bullish breakout from defined structure Volume profile favors continuation Clean Fib-based targets with low resistance ahead Risk clearly defined below $209 Earnings awareness in place --- > Disclaimer: This analysis is for educational purposes only and not financial advice. Always trade your own plan and manage risk appropriately.