US30 Short

The thought process behind this trade idea is that US30 is under a weekly/daily resistance, and it formed a wedge pattern, and broke out to the down side. After breaking out to the downside we expected price to consolidate a bit, to form a coreection. Price formed LH's and LL's, and also it is at an intersection trend area. Price also respecting the FIB level 38.2.
Trend Analysis

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