The Security  has formed a proper falling wedge pattern.

Falling Wedge breakout on upside has a higher probability of winning trade.

Currently the security is trading below the EMA indicating a short term negative move. RSI is supporting the move.

A breakout on the downside will be an opportunity to enter short in the Security with price trading below the EMA and RSI supporting the move. A breakout on the downside would be an opportunity to enter short position in the security

Advice : Trade as per breakout ( Expected breakout Downside)

Falling Wedge

Oct 16 2022