MGOUSD: Great Short oppertunity

BITFINEX:MGOUSD   MobileGo / Dollar
Love this chart.

This coin clearly ran out of steem, you can seen it slow down in the formation of an ascending wedge and now it will dump to its last support. Probably one of the best bear div patterns you want to see. Use macd for additional confirmation on higher timeframes if you wish. but it seems like a sure bet despite the non-idea risk reward.
Oct 28
Comment: Important note: Exit the trade if the price goes sideways for too long.
Oct 28
Trade active: small pump on the 15 minute timeframe, appears to be trying to retest the breakdown point at the wedge. If it fails to break up, that will give us a hidden bear div on the 15 minute chart, which is a great sign for continuation downwards.
Oct 28
Trade closed: stop reached


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