📉
🔹 Ticker: GRBK (NYSE)
🔹 Setup: Ascending Triangle Rejection + Breakdown Risk
🔸 Rejection Zone: ~$57.80 (yellow zone + trendline confluence)
📊 Trade Plan (Short Bias)
✅ Entry Range: $57.65–$57.85
✅ Stop Loss (SL): Above $59.54 (white resistance zone)
✅ Profit Zones:
• TP1: $55.10 (Post level retest)
• TP2: $53.40 (green structure support)
• TP3: $51.77 (major support base – orange zone)
📐 Risk-Reward View
• Bearish confluence at horizontal + trendline resistance
• Price stalling under supply zone
• Weak bullish momentum with signs of fading volume
• Key breakdown could unlock deeper downside potential
🔍 Technical Highlights
• Price rejected triangle resistance cleanly
• Bearish structure forming lower highs
• Tight range under rejection = breakout likely
⚙️ Trade Management Tips
• Trail stop loss after TP1
• Lock profits gradually into support zones
• Watch for volume drop below $55 for confirmation
⚠️ Setup Invalidation
❌ Break and hold above $59.54
❌ Strong bullish breakout with volume
❌ Price closing above trendline & horizontal resistance
🔹 Ticker: GRBK (NYSE)
🔹 Setup: Ascending Triangle Rejection + Breakdown Risk
🔸 Rejection Zone: ~$57.80 (yellow zone + trendline confluence)
📊 Trade Plan (Short Bias)
✅ Entry Range: $57.65–$57.85
✅ Stop Loss (SL): Above $59.54 (white resistance zone)
✅ Profit Zones:
• TP1: $55.10 (Post level retest)
• TP2: $53.40 (green structure support)
• TP3: $51.77 (major support base – orange zone)
📐 Risk-Reward View
• Bearish confluence at horizontal + trendline resistance
• Price stalling under supply zone
• Weak bullish momentum with signs of fading volume
• Key breakdown could unlock deeper downside potential
🔍 Technical Highlights
• Price rejected triangle resistance cleanly
• Bearish structure forming lower highs
• Tight range under rejection = breakout likely
⚙️ Trade Management Tips
• Trail stop loss after TP1
• Lock profits gradually into support zones
• Watch for volume drop below $55 for confirmation
⚠️ Setup Invalidation
❌ Break and hold above $59.54
❌ Strong bullish breakout with volume
❌ Price closing above trendline & horizontal resistance
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.