Possible short trade set up via ending diagonal

Neither of these two are particularly long at the moment but given the trend on the higher time frame I don't see any reason for it to change. With that in mind the recent push up is looking like an ending diagonal with divergence on the MACD. Keep an eye out for a short trade with the diagonal as a entry set up. Timing is every thing with this so don't jump in short too soon. I don't usually give targets but in this case the previous low seems perfectly achievable.

I'll up date this idea as it develops
This is not investment advice

Steve Nixon
Trainer & Mentor