we broke the white box to the downside and now established a wedge
. we either will see a break to the upside of that wedge
indicating a bigger retracement or to the downside which will usally mean rapid market acceleration to the downside (most likly into the trendline
regardless: a short sell inside that wedge
will provide good risk reward
and should have a decent winrate.
if we then manage to get down into the trendline
, look for longs.