Ascending wedge shows a potential bearish setup

24 thg 9, 2016

Should price move below the pivot low of 35.94, without making a new high, this short setup will be valid. Price should retrace at least the entire wedge, but more likely the entire move from 31.

1 thg 10, 2016

Ghi chú

should price move above 36.78, this particular trade idea will be invalid. A triangle pattern may still be in play, so I may re-evaluate this pattern again in the coming week

8 thg 10, 2016

Ghi chú

believe it or not, price has still not exceeded 36.78, so the setup is still in play. No harm no foul yet, since no money in the game until the short setup is triggered at 35.94.