Description
⋅ On the chart, we can see a rising wedge occurring.
OMAB is at its 52-week high, and this has been formed as a rising wedge.
We therefore expect it to have a drop to the downside.
Entry will be at the breakout of the wedge with a possible ROI of 15%
More details are shown on the chart.
Trade closed: target reached
⋅ Played out as expected. Closing here as target reached almost.
Comment
⋅ Next Short may be entered on the retest of the upsloping resistance (previous support)
Comment
⋅ have bounced