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 $1877.32, currently 0.10% away. This pattern has shown a 2.0x profit factor across 15 backtested trades.
Current Setup
Close$1877.54 +0.06%
Breakout Level$1877.32
Distance to Level0.10%
RVOL0.5×
Pressure79
PatternChannel
Trade Plan
Entry$1881.80
Stop$1871.05
TP1$1892.54
TP2$1903.28
TP3$1914.02
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 |
|---|---|---|---|---|---|---|
| 2026-10-09 | A- | BULL | $1877.32 | 0.10% | 79 | — |
| 2026-10-09 | A- | BULL | $1877.32 | 0.33% | 85 | — |
| 2026-10-09 | A- | BULL | $1877.32 | 0.30% | 82 | — |
| 2026-10-09 | A- | BULL | $1877.32 | 0.60% | 89 | — |
| 2026-10-09 | A- | BULL | $1877.32 | 0.26% | 74 | — |
| 2026-10-09 | A- | BULL | $1876.00 | 0.18% | 76 | — |
| 2026-10-09 | A- | BULL | $1876.00 | 0.16% | 76 | — |
| 2026-10-09 | A- | BULL | $1876.00 | 0.34% | 75 | — |
| 2026-10-09 | A- | BULL | $1876.00 | 0.34% | 75 | — |
| 2026-10-09 | A- | BULL | $1876.00 | 0.30% | 66 | — |
Bot Activity
No bot trades on MELI yet.
Other Active Breakout Setups
Earnings
Next Report2026-11-04 · TBD
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