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nick203
Aug 24, 2018 5:04 PM

DJI at top of wedge! Short

Dow Jones Industrial Average IndexTVC

Description

DJI is at a strong resistance and the top of a wedge! We can assume the price will respect the wedge and target the bottom of the wedge. The trade is how ever risky since there is no real pattern to confirm we will fall to bottom of the wedge expect the fact we are hitting resistance. If you want to be safer wait for the smaller wedge to break that is withing the larger wedge. That will be a better and safer trade!
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