UAL - Shorting the failed breakout of the descending wedge

٢٣ مايو ٢٠٢٠

Pretty straight forward. United has been building this descending wedge and it has plenty of room left to consolidate down. It failed the breakout today with a gap up in the morning. Also a bearish divergence on the RSI.

Shorted after hours at 25.43 for the weekend