Do not enter this trade until there is a proper rejection from the top of wedge! is still too early. If we see a proper rejection from the resistance we can expect a pullback to the bottom of wedge. Be extremely cautious with shorting indices at the moment since we haven't seen a confirmed reversal pattern yet.
And just to be clear even if we do see a rejection of the top of wedge resistance line I will not be entering! I will wait for a clear break of the wedge to enter :)
And just to be clear even if we do see a rejection of the top of wedge resistance line I will not be entering! I will wait for a clear break of the wedge to enter :)
Comment:
Sorry about the title it is for the NASDAQ composite*