Trade Setup Summary:GAP (GPS)

🔻
Trade Type: Short
Ticker: GAP (GPS)
Timeframe: 30-Min Chart
Pattern: Rising wedge breakdown (bearish signal)

📉 Entry Point:
Around $27.39
Price hit resistance and broke the rising wedge trendline (yellow circle shows breakdown)

🔒 Stop-Loss:
Above $28.45
Above recent swing high and wedge invalidation

🎯 Take Profit Targets:
TP1: $26.31 (first support zone)

TP2: $24.99 (major horizontal support)

⚖️ Risk-Reward Ratio:
Risk: ~$1.06

Reward: ~$2.40

R:R ≈ 2.3:1 (solid potential for short trade)

🔍 Technical Highlights:
Bearish rejection at resistance

Rising wedge broke with increasing selling pressure

Price overextended from previous base