The rising wedge is about to crack either by time or price. The drop if by price could be substantial. Bulls do not want to see this crack!
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Its about to start cracking
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Still no Trigger for a Short
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CRACK!!!
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META is a great example of why crossing of the line is not a big deal by itself. However, it does indicate weakness and the actual CRACK is not far away.
From this type of structure, the crack usually leads to a violent move lower.
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As you can see since the first CRACK! META has had great difficulties outperforming the bottom trendline. This is usually associated with weakness and a sharp move lower as mentioned before. CAUTION!