MTH – 30-Min Short Trade Setup!

📉
🔹 Ticker: MTH (NYSE)
🔹 Setup: Bearish Wedge Rejection + Resistance Flip
🔸 Rejection Zone: ~$69.00 (yellow zone + wedge trendline)

📊 Trade Plan (Short Bias)
✅ Entry Range: $68.85–$69.10
✅ Stop Loss (SL): Above $72.03 (white resistance level)
✅ Profit Targets:
• TP1: $65.21 (green minor support)
• TP2: $62.05 (prior support base)
• TP3: $59.66 (orange key demand level)

📐 Risk-Reward Notes
• Price rejected wedge top with bearish confirmation
• Support flipped into resistance at yellow zone
• Volume fading on retest = potential breakdown setup
• Room for downside toward major supports

🔍 Technical Highlights
• Clean rejection at wedge resistance
• Failed breakout = bearish pressure
• Lower highs forming structure breakdown bias

⚙️ Trade Management
• Trail SL after TP1 hit
• Scale out partials at major supports
• Watch for increased bearish volume on move below $68

⚠️ Setup Invalidation
❌ Breakout and close above $72.03
❌ Strong bullish candle with volume
❌ Price consolidates above wedge and horizontal zone