This is a Long term trade but ofcourse shorter even intraday trades could be taken, in that case target the bottom of the wedge
, the diagonal resistance line (white line) is very strong, we also have a confluense of the 38,2 retracement level, we can see that this line is going into the rising wedge
pattern and therefore hindering price to make a higher high, this will be seen as weakness, and the pattern is bearish
, we also have a confluence of the high, A, another thing supporting this idea is that, the bottom where this rising wedge
starts, is not a fibonacci level, in fact, the wedge
is in between the 50% and 61,8% fibonacci levels. the market allways reverse at one of those levels, it have allways done so, wich favour a huge move down to the 61.8% as the first target, (not on chart) thereafter for the final target, is the lower trendline
at weekly, we have the momentum, the downtrend is strong. should be a high probability trade. good luck!