📉 🔻
🔹 Asset: Pakistan Stock Exchange Ltd. (PSX – PSX)
🔹 Timeframe: 30-Min Chart
🔹 Setup Type: Double Top + Rising Wedge Breakdown
📊 Trade Plan – Short Position
✅ Entry Zone: ~27.00 (Rejection near resistance trendline)
✅ Stop-Loss (SL): 27.67 (Breakout high + wedge invalidation)
🎯 Take Profit Targets:
📌 TP1: 25.98 – Previous breakout level
📌 TP2: 25.03 – Horizontal support
📌 TP3: 23.60 – Trendline base
📐 Risk-Reward Calculation
🟥 Risk: ~0.67/share
🟩 Reward to TP3: ~3.40/share
📊 R/R Ratio: ~1 : 5+ – High-efficiency pullback play
🔍 Technical Highlights
📌 Double top rejection at supply zone ✔
📌 Rising wedge breakdown with selling pressure ✔
📌 Bearish engulfing near resistance ✔
📌 Volume spike confirms reversal intent
📉 Risk Management Strategy
🔁 Move SL to breakeven after TP1
💰 Lock profits at TP2
🚀 Let remainder trail to TP3
⚠️ Setup Invalidation If:
❌ Price breaks and closes above 27.67
❌ Bullish consolidation instead of pullback
❌ Breakout volume resumes
🚨 Final Thoughts
✔ Bearish structure with strong reward potential
✔ Clean rejection at multi-day resistance
✔ Ideal short setup post breakout exhaustion
🔗 #PSX #ShortSetup #ProfittoPath #ChartAnalysis #BearishReversal #SwingTrade #TechnicalSetup #PriceAction #RiskReward #SmartMoneyMoves
🔹 Asset: Pakistan Stock Exchange Ltd. (PSX – PSX)
🔹 Timeframe: 30-Min Chart
🔹 Setup Type: Double Top + Rising Wedge Breakdown
📊 Trade Plan – Short Position
✅ Entry Zone: ~27.00 (Rejection near resistance trendline)
✅ Stop-Loss (SL): 27.67 (Breakout high + wedge invalidation)
🎯 Take Profit Targets:
📌 TP1: 25.98 – Previous breakout level
📌 TP2: 25.03 – Horizontal support
📌 TP3: 23.60 – Trendline base
📐 Risk-Reward Calculation
🟥 Risk: ~0.67/share
🟩 Reward to TP3: ~3.40/share
📊 R/R Ratio: ~1 : 5+ – High-efficiency pullback play
🔍 Technical Highlights
📌 Double top rejection at supply zone ✔
📌 Rising wedge breakdown with selling pressure ✔
📌 Bearish engulfing near resistance ✔
📌 Volume spike confirms reversal intent
📉 Risk Management Strategy
🔁 Move SL to breakeven after TP1
💰 Lock profits at TP2
🚀 Let remainder trail to TP3
⚠️ Setup Invalidation If:
❌ Price breaks and closes above 27.67
❌ Bullish consolidation instead of pullback
❌ Breakout volume resumes
🚨 Final Thoughts
✔ Bearish structure with strong reward potential
✔ Clean rejection at multi-day resistance
✔ Ideal short setup post breakout exhaustion
🔗 #PSX #ShortSetup #ProfittoPath #ChartAnalysis #BearishReversal #SwingTrade #TechnicalSetup #PriceAction #RiskReward #SmartMoneyMoves
إخلاء المسؤولية
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إخلاء المسؤولية
لا يُقصد بالمعلومات والمنشورات أن تكون، أو تشكل، أي نصيحة مالية أو استثمارية أو تجارية أو أنواع أخرى من النصائح أو التوصيات المقدمة أو المعتمدة من TradingView. اقرأ المزيد في شروط الاستخدام.