GEO – 30-Min Short Trade Setup!

📉
🔹 Ticker: GEO (NYSE)
🔹 Setup: Rising Wedge Breakdown + Resistance Rejection
🔸 Breakdown Zone: $29.50 (yellow zone rejection)

📊 Trade Plan (Short Position)
✅ Entry Zone: $29.40–$29.55
✅ Stop Loss (SL): Above $30.52 (white resistance)
✅ Take Profit Targets:
📌 TP1: $28.45 (red zone – prior structure)
📌 TP2: $27.19 (green zone – major support)

📐 Risk-Reward Analysis
📉 Risk:
$30.52 - $29.50 = $1.02

📈 Reward to TP1:
$29.50 - $28.45 = $1.05 → 1.03:1 R/R

📈 Reward to TP2:
$29.50 - $27.19 = $2.31 → 2.26:1 R/R

🔍 Technical Highlights
Rising wedge structure broke down

Price rejected yellow zone and retested trendline

Failed breakout attempt = bearish confirmation

Lower highs + weakening volume = downside potential

⚙️ Trade Management
🔄 After TP1:
– Move SL to breakeven
– Lock partial gains
📉 Let rest run to TP2 with trailing SL

⚠️ Invalidation Triggers
❌ Break and close above $30.52
❌ Strong bullish candle with volume
❌ Trendline reclaim + wedge breakout