I've been seeing a lot of wedges lately, ENV a good example now with the latest falling wedge being formed. Hopefully it is a true falling wedge for a reversal, a small fake out and then the upper wedge line is broken. In bear trends rising wedges are continuation patterns, falling wedges are reversal patterns. We'll have to see if this is the case here. I'm thinking it will be a good entry if that top line (wedge) is broken, followed by another position after the successful back test of the main down trend.
ENV daily log chart below, I recently changed over to log charts, it makes the down trend line on ENV more visible.
