The parabolic wedge bull flag failed to trigger last week. Instead the bears formed a low 1 sell setup. However this is a risky place to sell (large risk, low probability). The bulls will probably try to reverse this week up for a better second entry for the parabolic wedge, and a nested wedge. But the bull case is getting weaker as prices near the opening tight trading range and bull breakout gap at 33. This market will more than likely evolve into a large trading range instead of a strong bull trend.
