This is i quoted from the encyclopedia -- After returning to the trend line, prices may bounce back up and form additional bumps or slide along the trend line. Even- tually prices drop through the trend line and continue down. --
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We got confirmation, price closed below trend line and at the same time below three falling peaks confirmation. I've place pending short.
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as expected, it retested confirmation line. my short order hitted. now we're riding the downhill
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breakout from falling wedge. target not reached yet, but I'm getting ready to cover my short IF, it manage to break nearest resistance.