Long Trade Setup – TPC!

📈
🔹 Asset: Tutor Perini Corporation (NYSE: TPC)
🔹 Timeframe: 30-Minute Chart
🔹 Setup Type: Rising Wedge Breakout – Momentum Continuation

📌 Trade Plan (Long Position)
✅ Entry Zone: Around $32.73 (Breakout confirmation zone)
✅ Stop-Loss (SL): Below $30.76 (Support and wedge invalidation)

🎯 Take Profit Targets
📌 TP1: $35.48 – Key resistance zone
📌 TP2: $38.60 – Measured move target / breakout extension

📊 Risk-Reward Calculation
📉 Risk: $32.73 - $30.76 = $1.97
📈 Reward to TP1: $35.48 - $32.73 = $2.75 → R/R = 1:1.39
📈 Reward to TP2: $38.60 - $32.73 = $5.87 → R/R = 1:2.98 ✅

🔍 Technical Highlights
📌 Clean rising wedge breakout with higher lows
📌 Volume expansion confirms bullish conviction
📌 Retest of breakout zone adds entry confidence
📌 Trend shows strong continuation momentum

📈 Execution Strategy
📊 Enter near $32.73 after breakout candle closes
📉 Set SL below $30.76 for invalidation
💰 Book partial profits at $35.48, trail to $38.60

🚨 Invalidation Risk
❌ Close below $30.76 negates bullish setup
❌ Avoid chasing if volume is weak or rejection appears

🚀 Final Take
✔ Solid breakout continuation setup
✔ Great reward-to-risk with trend confirmation
✔ Stay patient, manage position with smart risk!