Standard Bank - Sell short

Wedge within a wedge - I just invented this pattern. I dub thee 'the wedgy pattern' (TM).

Price has gapped under the inner wedge.

Shaded area represents an important area for price to maintain.

A break of outer wedge would confirm my trade thesis. Sell short.

Historically, volume spikes seem to imply a start of a short-term downward trend. This holds true for the last 6-10 months.
Chart PatternsjsejsesbkSBKTrend Analysis

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