Vertex - rising wedge pattern

What we can see in the chart is a rising wedge pattern. We expect the price to break down from the rising wedge formation.
It may take a little bit more time since the price is still consolidating inside the wedge.
You should enter short position when/if the price breaks down of the wedge with a volume surge.
Do not forget to put a stop loss once you enter the trade.
Stop loss should be placed above the wedge.

Kommentera:

The price remains in a rising wedge. The trade is still valid.

Handel aktiv:

The price broke down. Expecting more downside on this one