The Security has formed a proper rising wedge pattern.

Rising Wedge breakout on downside has a higher probability of winning trade.

Currently the security is trading above the EMA.

ADX is rising  which is indicating trending market. A breakout on either side with ADX trading above 20 will be an good confirmation to enter.

We are expecting a breakout on the downside . RSI is supporting the move.

A breakout on the upside/downside will be an opportunity to enter long/short in the security.