Telstra has been heading south for the majority of 2020, with no support from the bulls whatsoever.

It is currently sitting precariously on support with recent highs getting lower, forming a descending triangle.

If support breaks on open tomorrow, many who bought recently up to the highs of $3.19 may be seriously rethinking their bullish decision.

This selling pressure could create a cascade of lower prices, seeing the desc triangle pattern play out.

This represents a potentially solid risk reward trade, and one you could trail a stop if the selling pressure intensified.