First of all, I'd like that thank everyone who has helped me with chart 1 and 2. I'm sure that this could be annoying, but I find this very helpful and I sincerely appreciate it. I see in this one the wedge, and you expect it to go breakout up, which it does. However it ends up selling off and passing through a trend line and it finds support. Do you go long here (at the currency position)?
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The yellow-downtrend-line is incorrectly drawn. It should be drawn from the prior price peak. The wedge you're referring to would be within the downtrend channel with the breakout you mentioned meeting resistance at the upper edge of the downchannel. You would expect the market to trade down to the lower edge of the channel, farther away than your expected target based on that horizontal trendline.