MELI Wedge Breakout Analysis
Live breakout scanner data · Updated every 10 minutes
A-
BULL
Consumer · E-Commerce LATAM
MELI is currently showing a bullish wedge compression on the 30-minute timeframe, graded A- by the UnxEdge scanner. The current breakout level is $1883.15, currently 1.40% away. This pattern has shown a 2.0x profit factor across 15 backtested trades.
Current Setup
Close$1856.73 -1.08%
Breakout Level$1883.15
Distance to Level1.40%
RVOL0.9×
Pressure84
PatternCompression
Trade Plan
Entry$1889.35
Stop$1874.47
TP1$1904.24
TP2$1919.13
TP3$1934.01
Chart
Backtest Performance
Win Rate
67%
Profit Factor
2.00x
Avg R
+0.33R
Trades
15
Recent results
| Date | Side | Grade | Entry | Stop | Target | Exit | Result | R | Bars |
|---|---|---|---|---|---|---|---|---|---|
| Jul 10 | BULL | A- | $1815.01 | $1800.59 | $1829.42 | $1829.42 | WIN | +1.00R | 2 |
| Jul 6 | BULL | A- | $1797.64 | $1786.24 | $1809.05 | $1809.05 | WIN | +1.00R | 8 |
| Jul 1 | BULL | A+ | $1742.44 | $1731.08 | $1753.80 | $1753.80 | WIN | +1.00R | 2 |
| Jun 8 | BEAR | A- | $1599.85 | $1611.04 | $1588.66 | $1611.04 | LOSS | -1.00R | 2 |
| May 22 | BULL | A- | $1685.93 | $1671.10 | $1700.77 | $1671.10 | LOSS | -1.00R | 2 |
| May 20 | BULL | A- | $1627.59 | $1613.21 | $1641.97 | $1641.97 | WIN | +1.00R | 3 |
| May 6 | BULL | A | $1830.96 | $1817.62 | $1844.29 | $1844.29 | WIN | +1.00R | 2 |
| May 4 | BULL | A- | $1867.11 | $1850.04 | $1884.18 | $1850.04 | LOSS | -1.00R | 2 |
| Apr 27 | BULL | A- | $1842.02 | $1832.73 | $1851.30 | $1851.30 | WIN | +1.00R | 2 |
Recent Setup History
| Date | Grade | Side | Breakout | Dist | Pressure | Resolution |
|---|---|---|---|---|---|---|
| 2026-07-16 | A- | BULL | $1883.15 | 1.42% | 84 | — |
| 2026-07-16 | B+ | BULL | $1883.15 | 1.46% | 87 | — |
| 2026-07-14 | A- | BULL | $1895.35 | 0.93% | 60 | — |
| 2026-07-14 | A- | BULL | $1895.35 | 1.20% | 64 | — |
| 2026-07-14 | B+ | BULL | $1895.35 | 1.28% | 65 | — |
| 2026-07-13 | B+ | BULL | $1895.35 | 1.56% | 74 | — |
| 2026-07-13 | B+ | BULL | $1895.35 | 1.21% | 78 | — |
| 2026-07-13 | B | BULL | $1895.35 | 1.21% | 79 | — |
| 2026-07-13 | B | BULL | $1895.35 | 1.13% | 77 | — |
| 2026-07-13 | B | BULL | $1895.35 | 1.08% | 76 | — |
Bot Activity
No bot trades on MELI yet.
Other Active Breakout Setups
Earnings
Next Report2026-08-03 · TBD
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