📉 🔻
Ticker: IIIN (NYSE)
Pattern: Rising Wedge Breakdown (Bearish Pattern)
Volume: Weak near resistance zone
💼 Trade Plan – Short Position
🚫 Entry: $32.58 (Near wedge resistance + rejection candle)
✅ Stop-Loss: $33.69 (Above wedge and resistance wick)
🎯 Targets:
📌 TP1: $30.93 – First structure support
📌 TP2: $29.01 – Major support zone from previous range
⚖️ Risk-Reward Ratio
Risk per share: $1.11
Reward to TP2: $3.57
R:R Ratio: ~1 : 3.2 — Excellent short trade potential
🔍 Technical Highlights
Price rejecting wedge resistance
Formed a rising wedge — common reversal pattern
Weak bullish momentum near top
🔥
Ticker: IIIN (NYSE)
Pattern: Rising Wedge Breakdown (Bearish Pattern)
Volume: Weak near resistance zone
💼 Trade Plan – Short Position
🚫 Entry: $32.58 (Near wedge resistance + rejection candle)
✅ Stop-Loss: $33.69 (Above wedge and resistance wick)
🎯 Targets:
📌 TP1: $30.93 – First structure support
📌 TP2: $29.01 – Major support zone from previous range
⚖️ Risk-Reward Ratio
Risk per share: $1.11
Reward to TP2: $3.57
R:R Ratio: ~1 : 3.2 — Excellent short trade potential
🔍 Technical Highlights
Price rejecting wedge resistance
Formed a rising wedge — common reversal pattern
Weak bullish momentum near top
🔥
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.