📉
🔹 Ticker: BEAM (NASDAQ)
🔹 Setup: Rising Wedge Breakdown + Resistance Rejection
🔸 Breakdown Price: ~$18.48
📊 Trade Plan (Short Position)
✅ Entry Zone: $18.40–$18.55 (yellow zone rejection)
✅ Stop Loss (SL): Above $19.83 (white resistance zone)
✅ Take Profit Targets:
📌 TP1: $17.14 (red zone – minor support)
📌 TP2: $15.11 (green zone – major support)
📐 Risk-Reward Analysis
📉 Risk:
$19.83 - $18.48 = $1.35
📈 Reward to TP1:
$18.48 - $17.14 = $1.34 → 0.99:1 R/R
📈 Reward to TP2:
$18.48 - $15.11 = $3.37 → 2.5:1 R/R
🔍 Technical Highlights
Breakdown from rising wedge support
Rejected from previous resistance zone
Price lost structure and closed below trendline
Potential momentum building for downside move
⚙️ Trade Management Strategy
🔄 After TP1:
– Move SL to entry
– Lock in 50% profit
📉 Let the rest ride to TP2 with trailing SL
⚠️ Setup Invalidation
❌ Price breaks back above $19.83
❌ Bullish breakout with strong volume
❌ Failure to hold below wedge base
🔹 Ticker: BEAM (NASDAQ)
🔹 Setup: Rising Wedge Breakdown + Resistance Rejection
🔸 Breakdown Price: ~$18.48
📊 Trade Plan (Short Position)
✅ Entry Zone: $18.40–$18.55 (yellow zone rejection)
✅ Stop Loss (SL): Above $19.83 (white resistance zone)
✅ Take Profit Targets:
📌 TP1: $17.14 (red zone – minor support)
📌 TP2: $15.11 (green zone – major support)
📐 Risk-Reward Analysis
📉 Risk:
$19.83 - $18.48 = $1.35
📈 Reward to TP1:
$18.48 - $17.14 = $1.34 → 0.99:1 R/R
📈 Reward to TP2:
$18.48 - $15.11 = $3.37 → 2.5:1 R/R
🔍 Technical Highlights
Breakdown from rising wedge support
Rejected from previous resistance zone
Price lost structure and closed below trendline
Potential momentum building for downside move
⚙️ Trade Management Strategy
🔄 After TP1:
– Move SL to entry
– Lock in 50% profit
📉 Let the rest ride to TP2 with trailing SL
⚠️ Setup Invalidation
❌ Price breaks back above $19.83
❌ Bullish breakout with strong volume
❌ Failure to hold below wedge base
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.