AMBA – 30-Min Bearish Trade Setup!

📉
🔹 Ticker: AMBA (NASDAQ)
🔹 Setup: Falling Wedge Breakdown + Retest Rejection
🔸 Trigger Zone: ~$40.30 (yellow zone + wedge base retest)

📊 Trade Plan (Short Bias)
✅ Entry Range: $40.20–$40.40
✅ Stop Loss (SL): Above $45.14 (white structure resistance)
✅ Profit Targets:
• TP1: $34.75 (support zone)
• TP2: $30.76 (trend support)
• TP3: $27.50 (key demand area)

📐 Risk-Reward Notes:
• Price broke falling wedge with weak retest
• Rejection confirmed at wedge base and horizontal zone
• Clean downside structure with strong momentum
• Attractive risk-reward ratio toward multi-month supports

🔍 Technical Highlights:
• Series of lower highs and sharp breakdown
• Volume faded during bounce → weakness
• Prior support now acting as resistance
• Momentum favors continuation if $40 fails to hold

⚙️ Trade Management:
• Lock in profits at TP1
• Trail stop below lower highs
• Watch for acceleration below $34.75 for quick move

⚠️ Setup Invalidation:
❌ Breakout and hold above $45.14
❌ Bullish engulfing candle with rising volume
❌ Price consolidates above yellow zone with strength