I think finally after almost 3 months of waiting for this one, i think this is the moment has come now. My previous analysis showed a bull flag
, which failed completely since the flag never took it's shape. So i was afraid of missing a good entry for a long term short, but after that drop
it has rallied up again. Today i already started to short it a bit and now i will take on another batch. Now i will wait some more. If we continue to go up, i will probably add one more time. For the remaining position, i will wait for some real confirmation of weakness. This is a long term trade, so i am not using a stop. I will simply cut my losses when i think the wedge
is completely invalidated, not any sooner.