Trade 4 - another perspective

Trade 4 - another perspective
Careful!
Significant resistance overhead from a long term wedge pattern - if this is broken the higher target is likely to be hit.
However, any more drop and the market could see a move back to previous support; potentially back to the blue wedge.
Watch for resistance from the W%R, could mean another wave down. Lifting above the grey zone on the the indicator would be a positive indication.