chart for elle

Hey Elle

sp sitting on the long term trendline now and moving into the pointy end of the wedge. Needs to break and hold above the downtrend line as it has tried and failed twice before since April. MACD has broken down through the uptrend and needs to break above the blue resistance line? Orange range seems to be the scalp trade with stops below the red line for low risk entry? I was stopped out by that long green tail on the 21st. Could be a piercing move indicating more down to come.

The black trendline is also the trigger line on the fork chart so if this fails I'd be looking below at a target 200 and I wouldn't be holding.



Cheers
Rhodes