Rising wedge; more likely to go up but could fall out

This eventually has to break below this rising wedge.

If today closes strong, i would be willing to take this long tomorrow (as long as it doesn't open highly negative tomorrow). Expecting that it would go an test the top of the channel again;

Today or tomorrow however, it can fall below the bottom channel. In which case, i would not be taking the long.

Kommentar:

a close below 17.49 is a sell;

i bought it today unfortunately, and then it took a turn for the worse. I'm holding until i get the sell confirmation.

Kommentar:

Doing decent today; We will see a quick move soon; Its at its pivot point.

If it looks like it wants to close negative today, i will sell my positions. Could be a shake out, but i'm not risking it.

But i anticipate a quick move up towards low 20's

Kommentar:

So i didnt get liquidated yet; tomorrow is D day i believe; a big move in either direction;

Ideally, i should have waited for the confirmation of buy before i got into this; noob mistake.

Kommentar:

Has to close above 17.75ish for me not to sell.

Kommentar:

Got stopped out; its going to close below the support; so its either a shakeout or a major fall is upon us.

Kommentar:

So i do believe that the other day was a shakeout and this will attempt the upper end of the channel.