vf_investment

Vertex - rising wedge pattern

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NASDAQ:VRTX   Vertex Pharmaceuticals Incorporated
What we can see in the chart is a rising wedge pattern. We expect the price to break down from the rising wedge formation.
It may take a little bit more time since the price is still consolidating inside the wedge.
You should enter short position when/if the price breaks down of the wedge with a volume surge.
Do not forget to put a stop loss once you enter the trade.
Stop loss should be placed above the wedge.
Komen:
The price remains in a rising wedge. The trade is still valid.
Dagangan aktif:
The price broke down. Expecting more downside on this one

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