Good morning all. Some people may have gotten excited about the large descending wedge
on the daily. I personally ran an awesome short and here's why: 1) We formed an ascending wedge
with four solid points of contact. 2) Volume
continued to decline, even at breakout point. 3) The daily printed a shooting star
candle at the point of breakout. This is a clear example of why we must wait for confirmation before entering a trade.