I'd look for price action to stay in this wedge (closing) until finally breaking out. If it's downward, I'll try to short. Since we're in a major down-trend, I won't be a buyer.
Note
Ok. I've got my close below the line, which is my signal (but not my trigger). Sometimes these fake back up, which means I prefer to trail the retracement with my short order.Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.