Short Trade Setup – WWW!

📉
🔹 Asset: Wolverine World Wide, Inc. (NYSE: WWW)
🔹 Timeframe: 30-Minute Chart
🔹 Setup Type: Rising Wedge Breakdown (Reversal Play)

📌 Trade Plan (Short Position)
✅ Entry Zone: Around $16.34 (Overextension + wedge top)
✅ Stop-Loss (SL): Above $17.24 (Wedge invalidation zone)

🎯 Take Profit Targets
📌 TP1: $15.45 – First support zone
📌 TP2: $14.59 – Previous breakout base / trendline touch

📊 Risk-Reward Calculation
📉 Risk: $17.24 - $16.34 = $0.90
📈 Reward to TP1: $16.34 - $15.45 = $0.89 → 1:0.99
📈 Reward to TP2: $16.34 - $14.59 = $1.75 → 1:1.94 ✅

🔍 Technical Highlights
📌 Rising wedge formation with bearish pressure
📌 Sharp rally may be overextended
📌 Early signs of rejection near resistance zone
📌 Bearish divergence possible on momentum indicators

📈 Execution Strategy
📊 Enter near $16.34 on confirmation candle
📉 SL above $17.24 to protect against squeeze
💰 Book partial profit at $15.45, let rest ride to $14.59

🚨 Invalidation Risk
❌ Break and hold above $17.24 invalidates the setup
❌ Avoid if market shows strong bullish continuation

🚀 Final Take
✔ Reversal setup after steep rally
✔ Strong risk-reward potential if wedge breaks
✔ Discipline key — wait for confirmation candle!