Downtrend Raising Wedge
Updated
Looking at the downtrend that started back in February from the all time high, we see an upward wedge in the making and could be breaking soon all depending on the market. This pattern on this downtrend could be a continuation upward wedge since an upward wedge tends to break downward, so there is a probability it could continue downward after breaking the upward wedge going down. The upward wedge also hit resistance at 69 and it is currently going down getting close to the trend line. Breaking that trend line could be a good possibility to enter on a short trade after confirmation of a candle stick. Looking at Ichimoku, pattern still under the cloud, and the cloud act as resistance too.
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Entered @ the 1H @ 65.93, SL 59.25, and TP 68.16Trade active
Correction for TP and SL* Entered @ the 1H @ 65.93, TP 59.25, and SL 68.16 Taking 25% @ 64.44
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Took another 25% of the total amount of shares @ price 61.87
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