Awaiting a correction soon

Waiting for a correction down in this market soon. I have exited most of my long positions, but do still keep one alive to try time the breakout.

A few points in favor of this idea;

• There are two wedges forming inside the daily channel
  
• Upper channel line has already been touched once by last bullish wave.
  
• Bollinger bands are getting very narrow, implying a breakout (most likely down) soon.
  

ความคิดเห็น:

Possibly some more upside before a correction:

ความคิดเห็น:

Possible long term development. Several wedges developing: