MELI Wedge Breakout Analysis
Live breakout scanner data · Updated every 10 minutes
B+
BULL
Consumer · E-Commerce LATAM
MELI is currently showing a bullish wedge compression on the 30-minute timeframe, graded B+ by the UnxEdge scanner. The current breakout level is $2010.85, currently 0.98% away. This pattern has shown a 2.0x profit factor across 15 backtested trades.
Current Setup
Close$1991.05 +2.15%
Breakout Level$2010.85
Distance to Level0.98%
RVOL0.3×
Pressure87
PatternCompression
Trade Plan
Entry$2017.02
Stop$2002.21
TP1$2031.82
TP2$2046.63
TP3$2061.44
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 |
|---|---|---|---|---|---|---|
| 2026-08-25 | B+ | BULL | $2010.85 | 0.98% | 87 | — |
| 2026-08-21 | B | BULL | $1935.94 | 0.17% | 67 | — |
| 2026-08-21 | A- | BULL | $1929.52 | 0.35% | 76 | — |
| 2026-08-21 | A- | BULL | $1929.52 | 0.35% | 76 | — |
| 2026-08-21 | A- | BULL | $1929.52 | 0.35% | 76 | — |
| 2026-08-21 | A- | BULL | $1929.52 | 0.35% | 76 | — |
| 2026-08-20 | A- | BULL | $1929.52 | 0.35% | 76 | — |
| 2026-08-20 | A- | BULL | $1929.52 | 0.35% | 76 | — |
| 2026-08-20 | A- | BULL | $1929.52 | 0.35% | 76 | — |
| 2026-08-20 | A- | BULL | $1929.52 | 0.35% | 76 | — |
Bot Activity
No bot trades on MELI yet.
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