QBE Long term short7 Year descending triangle
-Established downtrend
-Huge pattern with a few out of line movements in Feb, Sep and Nov which make entry difficult
-Out of line movements, nonetheless, denote the likely direction of the breakout
-Will look to establish 80 basis points of risk initially in 2 tranches
-In the case of such a large pattern, one of 3 things will cause me to pull the trigger:
1. A 4-6 week 'launching' pattern i.e. horizontal range, H&S
2. A breakout and retest of boundary line
3. A decisive break with large volume and weekly close below the out of line weeks mentioned above
