TMHC – 30-Min Short Trade Setup!

📉
🔹 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