This is a bottom broadening wedge where price enters from above and touch the lower line first. This is usually a reversal pattern but really it can break out either way.
Usually after wedge is validated-( 2 touches of both lines but ideally at least 3 touches on one of the lines)- you will see a partial rise (or fall) before reversing again. I believe we are in the partial rise stage and price will reverse down. However, confirmation of short or long would be breaking an imaginary horizontal line from the rightward most side of either line.
Just wait for the trigger.
Usually after wedge is validated-( 2 touches of both lines but ideally at least 3 touches on one of the lines)- you will see a partial rise (or fall) before reversing again. I believe we are in the partial rise stage and price will reverse down. However, confirmation of short or long would be breaking an imaginary horizontal line from the rightward most side of either line.
Just wait for the trigger.
Comment:
I have switched to the long side. I have also changed the premise of my trade to what I feel is a better set up.
