Before I do anything I like to know what market that I am presented with. Looking at the price of wheat to the usd, it is bearish -I call it a bear market. The method I am using is a mix of sorts but relies on the Highs and Lows of a trend and how they work with each other forming zones, and these zones are either pressure zones or supply and demand zones. The diagonal lines are not trend-line concepts, they are taken as support and resistances over a plane in a mathematical term.
So this, I see it for bearish interests and will become invalid when the bulls reach above 4.992. Now, here is a secret - no setup is ever wrong only your price entry can be wrong, and that happens if you call a setup a trade.