vf_investment

PG bearish divergences forming

Short
NYSE:PG   Procter & Gamble Company (The)
PG has been in an uptrend , but we can observe the bearish divergences developing.
If they play out, we will see a breakdown of the rising wedge.
Once it happens, the short position can be taken.
Enter short ONLY if the successful breakdown occurs.
If it doesn't happen , the uptrend will continue.

Approx. Target for shorts is shown on the chart , but keep in mind that everything depends on the breakdown point.

Do you agree?

Good luck
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successful break down

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