After the bigger wedge being broken to the downside a few weeks ago we bottomed out around 1241. The blue wedge is extremely similar to the bigger wedge marked red. Notice the 50EMA causing problems within the wedge with price being unable to close above. I will be looking to sell the breakout to the downside. If it breaks up then 1265 is my next area of interest which is key S/R zone and will also be the buyers exit for the gartley pattern which completed at around 1241 I believe.