Time Frame: 4hr
Predicted Direction: Long
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The brief trade analysis presented above is my predicted direction and requires multiple different indicators and confluence factors prior to validating a trade opportunity.
You think that bullish patterns inside bearish patterns are prone to loose. Price failed to break-out through the major 10 month trend line (yellow) and has now fallen out of the rising wedge. If $182-186 fails Price should retest the previous breakout of the downtrend line (blue) around $166.
Also price retracement from a broken rising wedge usually retraces the price from the base of the wedge which ironically is the same exact price to the top of the downtrend line it broke.