📉
🔹 Asset: Frontdoor, Inc. (NASDAQ: FTDR)
🔹 Timeframe: 30-Minute Chart
🔹 Setup Type: Rising Wedge Breakdown
📌 Trade Plan (Short Position)
✅ Entry Zone: Below $52.98 (Breakdown Confirmation)
✅ Stop-Loss (SL): Above $54.52 (Wedge Invalidation)
🎯 Take Profit Targets
📌 TP1: $50.65 – Key Support / Breakdown Target
📌 TP2: $48.46 – Extended Downside Target
📊 Risk-Reward Calculation
📉 Risk: $54.52 - $52.98 = $1.54
📈 Reward to TP1: $52.98 - $50.65 = $2.33 → 1:1.51 R/R
📈 Reward to TP2: $52.98 - $48.46 = $4.52 → 1:2.93 R/R ✅
🔍 Technical Highlights
📌 Rising wedge structure with overextension
📌 Breakdown at wedge support with retest rejection (yellow line)
📌 Volume thinning at highs – suggests buyer exhaustion
📌 Momentum fading after sharp rally
📉 Execution Strategy
📊 Watch for breakdown continuation below $52.98
📉 Move SL to breakeven after TP1 hit
💰 Scale out partial profits at TP1, ride rest to TP2
🚨 Invalidation Risk
❌ Exit if price reclaims and closes above $54.52
❌ Weak breakdown = re-evaluate or stay out
🚀 Final Take
✔ Clean rising wedge breakdown setup
✔ Great risk-reward for disciplined short traders
✔ Stick to plan, manage size — let price action lead
🔹 Asset: Frontdoor, Inc. (NASDAQ: FTDR)
🔹 Timeframe: 30-Minute Chart
🔹 Setup Type: Rising Wedge Breakdown
📌 Trade Plan (Short Position)
✅ Entry Zone: Below $52.98 (Breakdown Confirmation)
✅ Stop-Loss (SL): Above $54.52 (Wedge Invalidation)
🎯 Take Profit Targets
📌 TP1: $50.65 – Key Support / Breakdown Target
📌 TP2: $48.46 – Extended Downside Target
📊 Risk-Reward Calculation
📉 Risk: $54.52 - $52.98 = $1.54
📈 Reward to TP1: $52.98 - $50.65 = $2.33 → 1:1.51 R/R
📈 Reward to TP2: $52.98 - $48.46 = $4.52 → 1:2.93 R/R ✅
🔍 Technical Highlights
📌 Rising wedge structure with overextension
📌 Breakdown at wedge support with retest rejection (yellow line)
📌 Volume thinning at highs – suggests buyer exhaustion
📌 Momentum fading after sharp rally
📉 Execution Strategy
📊 Watch for breakdown continuation below $52.98
📉 Move SL to breakeven after TP1 hit
💰 Scale out partial profits at TP1, ride rest to TP2
🚨 Invalidation Risk
❌ Exit if price reclaims and closes above $54.52
❌ Weak breakdown = re-evaluate or stay out
🚀 Final Take
✔ Clean rising wedge breakdown setup
✔ Great risk-reward for disciplined short traders
✔ Stick to plan, manage size — let price action lead
Penafian
Maklumat dan penerbitan adalah tidak bertujuan, dan tidak membentuk, nasihat atau cadangan kewangan, pelaburan, dagangan atau jenis lain yang diberikan atau disahkan oleh TradingView. Baca lebih dalam Terma Penggunaan.
Penafian
Maklumat dan penerbitan adalah tidak bertujuan, dan tidak membentuk, nasihat atau cadangan kewangan, pelaburan, dagangan atau jenis lain yang diberikan atau disahkan oleh TradingView. Baca lebih dalam Terma Penggunaan.