rising wedge in downtrend

Hey traders,
potential trend following option.
I will sell bearish breakout of this rising wedge.
As you see the patter contracts as prices move higher and the trading range narrows + RSI divergence give as signs of potential breakout.
In trend following trades I base my first taget on the previous level of structure and then trail stop following the trend!
Good luck!

تعليق:

attempt to break

تعليق:

potential breakout

تعليق:

local bounce up

تعليق:

holding short

تعليق:

I expect to see retest of local structure high

تعليق:

Retest of structure