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Short

Possible SHORT opportunity on this one...!?

LSIN:ROSN   ROSNEFT OIL COMPANY GDRS (EACH REPR 1 ORD ) (REGS)
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3
A nice triangle pattern or ascending wedge (or combo) with some reasonable downward momentum.
I'm looking to be fairly aggressive with this one, and go short on the next turn. I use progressively lower time frames to confirm and time entries, so I'll be watching this one closely from now on in...
Looking at targets around the next major lump of structure, which happens to be around the 4.50 mark, so a nice even handled number to drop in on. This gives a nice 4:1 RR ratio, with a fairly big stop.

Let me know your thoughts...!?

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