FXI has been trading in a huge wedge pattern

FXI has been in a wedge formation since the high of the market earlier this year. As of last night, I bought a strangle on fxi in anticipating of the ETF's reaction to Xi's comments. With or without the comments, there could be a huge move coming up. I am long the 47.5 calls and the 46 puts several weeks out. Hopefully, it will make a movement by then.