Short Trade Setup – Tutor Perini Corp (TPC)!

🔻
Timeframe: 30-Minute Chart
Pattern: Rising Wedge Breakdown (Bearish Reversal)

📝 Trade Plan
📌 Entry: ~$36.04 (Breakdown confirmation)

🛑 Stop-Loss (SL): $37.90 (Above wedge structure / recent highs)

🎯 Take Profit Targets:

TP1: $34.04 (first support zone – red line)

TP2: $31.56 (major support – green line)

📊 Risk-Reward Calculation
Risk: $37.90 - $36.04 = $1.86

Reward to TP1: $36.04 - $34.04 = $2.00

Reward to TP2: $36.04 - $31.56 = $4.48

➡️ Risk-Reward Ratios:

To TP1: ~1:1.07

To TP2: ~1:2.4

🔍 Key Technical Zones
🔻 Entry: Breakdown below $36.04

🛑 SL: $37.90 (above wedge)

🟥 TP1: $34.04

🟩 TP2: $31.56

✅ Setup Summary
Rising wedge pattern breakdown confirms bearish momentum

Entry and SL are cleanly defined

Strong reward potential toward $31.56

SL above recent highs reduces whipsaw risk