PSX – 30-Min Short Trade Setup!

📉 🔻
🔹 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

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