A long term persistent divergence on momentum and inflow, while Price remains within a potential rising wedge, which if broken should confirm a move lower. My bias is bearish and targets at 35.00 and 30.00.
What is interesting about this setup is the attractive Reward compared to risk at current levels, as invalidation of the setup could be on a break above the wedge(3 to 4 percent), while big potential to the downside(10 to 20 percent).
What is interesting about this setup is the attractive Reward compared to risk at current levels, as invalidation of the setup could be on a break above the wedge(3 to 4 percent), while big potential to the downside(10 to 20 percent).