Setup clearly depicted on chart, and valid assuming the next bar either closes without touching the current 5 bar downtrend mode, or expands range to the sell stop level. Further oscillation sideways here for a few days here would just mean wait until price detaches from mode or expands range lower to fulfill setup. If price closes above the earnings
level, we are no longer interested in being short until below it once more. For more information and insights into managing this position, scaling in, and understanding the logic behind the technical setups contact me via pm. I'm currently apart of a professional Skype group that shares trade setups and offers one-on-one tutoring via Skype calls. GL!