CCI - Forming a rising wedge, short at the break of $87 to $80

CCI is building a rising wedge formation. If this breaks down below the 50 day moving average at $87, it could be an easy drop down to $80

* Trade Criteria *
Date First Found- January 13, 2017, new trade criteria- February 19, 2017
Pattern/Why- Rising wedge formation
Entry Target Criteria- Break of $87.0
Exit Target Criteria- $80
Stop Loss Criteria- N/A

Please check back for Trade updates. (Note: Trade update is little delayed here.)

Comment:

February 21st- Trading within the wedge formation still. Keeping on watch list for now.

February 23rd- Seems broken to the upside, but closed below MA200. Keeping in watch for few more days.