I am waiting for a possible short position. If the specified supply area will reject the price down way it may also break the triangle line. Occurrence of both signals would increase the probability.
( For rejection I am expecting to see a wick from the most current bars reaches the supply area. )
( For rejection I am expecting to see a wick from the most current bars reaches the supply area. )
Comment:
Supply area is important because there is a symmetric engulf.
Trade closed: target reached