wolfstreetswinger
Short

ECL - NICE SHORT - RISING WEDGE BREAKOUT

NYSE:ECL   ECOLAB INC
ECL - ECOLAB INC - SHORT

WE MAY HAVE A VERY NICE SHORT HERE WITH THIS RISING WEDGE LOOKING TO BREAK DOWNWARDS. AFTER THE FALSE BREAKS THIRD TIME IS THE CHARM AND WITH A GOOD VIEW OF THE WEEKLY ACTION WE COULD SEE A GOOD FALL DOWN TO THIS KEY LEVEL HIGHLIGHTED IF PRICE CONTINUES TO FALL WE MAY EVEN HIT SECOND TARGET
Trade active: BREAKING OUT WITH A STRONG BEARISH START TODAY
Trade closed manually: AFTER 2 FAKE BREAKS APPEARS WE COULD BE BREAKING UPWARDS HERE RISING WEDGE IS ASCENDING INTO A BROADENING WEDGE STRONG PIVOT AROUND THE 118 MARK COULD ACT AS STRONG FOOTHOLD FOR MORE UP TIME IF WE BREAK IT
Rising wedge looks to be reversing at a key reversal level looking to hit that second target around the S1
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