EOS break down from long term trendIf break out upward from this previous triangle fails/'busts' and lower trendline breaks then a short opportunity will arise. What we are looking for is a daily close below long term upward trendline. If this occurs, price will also be below 38% fib from local low to high. Target is daily volume profile node or lower. Short can be risked off a higher high + break of the new daily wedge.
Caution should be taken because stop is not tight. Short should not be taken unless bearish on fundamentals as it will be held extended period.
