📉
🔹 Ticker: GEO (NYSE)
🔹 Setup: Rising Wedge Breakdown + Resistance Rejection
🔸 Breakdown Zone: $29.50 (yellow zone rejection)
📊 Trade Plan (Short Position)
✅ Entry Zone: $29.40–$29.55
✅ Stop Loss (SL): Above $30.52 (white resistance)
✅ Take Profit Targets:
📌 TP1: $28.45 (red zone – prior structure)
📌 TP2: $27.19 (green zone – major support)
📐 Risk-Reward Analysis
📉 Risk:
$30.52 - $29.50 = $1.02
📈 Reward to TP1:
$29.50 - $28.45 = $1.05 → 1.03:1 R/R
📈 Reward to TP2:
$29.50 - $27.19 = $2.31 → 2.26:1 R/R
🔍 Technical Highlights
Rising wedge structure broke down
Price rejected yellow zone and retested trendline
Failed breakout attempt = bearish confirmation
Lower highs + weakening volume = downside potential
⚙️ Trade Management
🔄 After TP1:
– Move SL to breakeven
– Lock partial gains
📉 Let rest run to TP2 with trailing SL
⚠️ Invalidation Triggers
❌ Break and close above $30.52
❌ Strong bullish candle with volume
❌ Trendline reclaim + wedge breakout
🔹 Ticker: GEO (NYSE)
🔹 Setup: Rising Wedge Breakdown + Resistance Rejection
🔸 Breakdown Zone: $29.50 (yellow zone rejection)
📊 Trade Plan (Short Position)
✅ Entry Zone: $29.40–$29.55
✅ Stop Loss (SL): Above $30.52 (white resistance)
✅ Take Profit Targets:
📌 TP1: $28.45 (red zone – prior structure)
📌 TP2: $27.19 (green zone – major support)
📐 Risk-Reward Analysis
📉 Risk:
$30.52 - $29.50 = $1.02
📈 Reward to TP1:
$29.50 - $28.45 = $1.05 → 1.03:1 R/R
📈 Reward to TP2:
$29.50 - $27.19 = $2.31 → 2.26:1 R/R
🔍 Technical Highlights
Rising wedge structure broke down
Price rejected yellow zone and retested trendline
Failed breakout attempt = bearish confirmation
Lower highs + weakening volume = downside potential
⚙️ Trade Management
🔄 After TP1:
– Move SL to breakeven
– Lock partial gains
📉 Let rest run to TP2 with trailing SL
⚠️ Invalidation Triggers
❌ Break and close above $30.52
❌ Strong bullish candle with volume
❌ Trendline reclaim + wedge breakout
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.