$RKLB setting up textbook breakout structure here — let's walk through what the chart's telling us.
Triple bottom locked in. That's your demand zone tested three times, buyers stepping in each time. Not random — that's structure.
June downtrend? Already broken. That's your first confirmation. Price isn't respecting the old resistance anymore.
Now we're sitting on top of the volume shelf — the launch area. High-volume support underneath means there's liquidity holding this level. That's your base.
Levels to watch:
$77.71 — current price
$78.52 — next Fib resistance
$80 — the ceiling, your upside target
Support just underneath holds this setup. If it breaks back below the volume shelf, the breakout invalidates.
Downtrend break is clean. Structure is clean. Now it's about follow-through above $78.52 to confirm continuation toward $80.
Setup is there. Levels are clear. Risk is on you.
Triple bottom locked in. That's your demand zone tested three times, buyers stepping in each time. Not random — that's structure.
June downtrend? Already broken. That's your first confirmation. Price isn't respecting the old resistance anymore.
Now we're sitting on top of the volume shelf — the launch area. High-volume support underneath means there's liquidity holding this level. That's your base.
Levels to watch:
$77.71 — current price
$78.52 — next Fib resistance
$80 — the ceiling, your upside target
Support just underneath holds this setup. If it breaks back below the volume shelf, the breakout invalidates.
Downtrend break is clean. Structure is clean. Now it's about follow-through above $78.52 to confirm continuation toward $80.
Setup is there. Levels are clear. Risk is on you.
