📉
🔹 Asset: BJ’s Restaurants, Inc. (NASDAQ: BJRI)
🔹 Timeframe: 30-Minute Chart
🔹 Setup Type: Rising Wedge Breakdown (Bearish Reversal)
🔧 Trade Plan
📍 Entry: Near $42.96 (wedge resistance + rejection zone)
⛔ Stop-Loss: Above $44.01 (wedge invalidation level)
🎯 Target 1 (TP1): $41.43 (support zone)
🎯 Target 2 (TP2): $40.23 (previous strong base)
📊 Risk-Reward
Risk: $1.05
Reward to TP1: $1.53 → R:R = 1:1.46 ✅
Reward to TP2: $2.73 → R:R = 1:2.6 ✅✅
🔎 Key Technicals
Rising wedge pattern nearing breakdown
Price rejected at resistance (yellow zone)
Trendline (white) breakdown in play
Weakening momentum at highs
⚠️ Exit If:
Bullish breakout above $44.01
High-volume green candle confirms breakout
🟢 Summary
Bearish reversal setup with clean R:R, ideal for short position below $43. High-probability setup if wedge fails.
🔹 Asset: BJ’s Restaurants, Inc. (NASDAQ: BJRI)
🔹 Timeframe: 30-Minute Chart
🔹 Setup Type: Rising Wedge Breakdown (Bearish Reversal)
🔧 Trade Plan
📍 Entry: Near $42.96 (wedge resistance + rejection zone)
⛔ Stop-Loss: Above $44.01 (wedge invalidation level)
🎯 Target 1 (TP1): $41.43 (support zone)
🎯 Target 2 (TP2): $40.23 (previous strong base)
📊 Risk-Reward
Risk: $1.05
Reward to TP1: $1.53 → R:R = 1:1.46 ✅
Reward to TP2: $2.73 → R:R = 1:2.6 ✅✅
🔎 Key Technicals
Rising wedge pattern nearing breakdown
Price rejected at resistance (yellow zone)
Trendline (white) breakdown in play
Weakening momentum at highs
⚠️ Exit If:
Bullish breakout above $44.01
High-volume green candle confirms breakout
🟢 Summary
Bearish reversal setup with clean R:R, ideal for short position below $43. High-probability setup if wedge fails.
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.