First outcome- A retest of the downward wedge resistance, bulls continue to fight, wait for bearish candle within wedge to confirm sellers are in control.
Second outcome- Bulls have lost fight after battling a long downtrend. Previous long bear candle confirms sellers are in control, enter sell order if next 1-2 bear candles is split in half by downward support line and enters 1st highlighted region.
Second outcome- Bulls have lost fight after battling a long downtrend. Previous long bear candle confirms sellers are in control, enter sell order if next 1-2 bear candles is split in half by downward support line and enters 1st highlighted region.