A big long descending trend line which has been tested by flow on numerous occasions historically has just recently been tested once again, causing a price rejection to the downside once again. As you can see from the recent swing low we've created a triangular wedge pattern which we are going to be ranging in for the next few weeks.
This gives us a big opportunity to get a 20% Short trade in from near the top edge of the wedge and watch the price travel down the the horizontal support line at the bottom of the wedge.
This gives us a big opportunity to get a 20% Short trade in from near the top edge of the wedge and watch the price travel down the the horizontal support line at the bottom of the wedge.
