📉
🔹 Ticker: TMHC (NYSE)
🔹 Setup: Trendline Rejection + Resistance Hold
🔸 Rejection Zone: ~$59.44 (yellow zone + wedge top)
📊 Trade Plan (Short Bias)
✅ Entry Range: $59.30–$59.50
✅ Stop Loss (SL): Above $60.75 (red zone resistance)
✅ Profit Targets:
• TP1: $57.56 (blue support base)
• TP2: $56.16 (green minor support)
• TP3: $55.45 (orange zone - extended support)
📐 Risk-Reward Notes
• Bearish wick rejection at key trendline
• Price reacting to previous support flipped resistance
• Pattern shows signs of exhaustion at the top
🔍 Technical Highlights
• Lower highs + trendline pressure
• Bearish engulfing rejection candle
• Consolidation under resistance = short bias continuation
⚙️ Trade Management
• Move SL to breakeven after TP1
• Scale out partially near TP2
• Let remaining ride with trailing SL if momentum builds
⚠️ Invalidation Triggers
❌ Price breaks and holds above $60.75
❌ Strong bullish breakout candle
❌ Volume surge above trendline
🔹 Ticker: TMHC (NYSE)
🔹 Setup: Trendline Rejection + Resistance Hold
🔸 Rejection Zone: ~$59.44 (yellow zone + wedge top)
📊 Trade Plan (Short Bias)
✅ Entry Range: $59.30–$59.50
✅ Stop Loss (SL): Above $60.75 (red zone resistance)
✅ Profit Targets:
• TP1: $57.56 (blue support base)
• TP2: $56.16 (green minor support)
• TP3: $55.45 (orange zone - extended support)
📐 Risk-Reward Notes
• Bearish wick rejection at key trendline
• Price reacting to previous support flipped resistance
• Pattern shows signs of exhaustion at the top
🔍 Technical Highlights
• Lower highs + trendline pressure
• Bearish engulfing rejection candle
• Consolidation under resistance = short bias continuation
⚙️ Trade Management
• Move SL to breakeven after TP1
• Scale out partially near TP2
• Let remaining ride with trailing SL if momentum builds
⚠️ Invalidation Triggers
❌ Price breaks and holds above $60.75
❌ Strong bullish breakout candle
❌ Volume surge above trendline
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.