Short Trade Setup – BJRI!📉
🔹 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.
