Plan is working-Short Sellers are taking the bait

Remember, the triangle is what all retail technical traders are watching. It broke out to the upside, so it seemed to be a solid pattern. My call for a move down included a break of the triangle, this would tell retail that the triangle breakout has failed and technical analysis teaches them to reverse positions (in this case go short) on a failed technical pattern. THIS IS WHAT WALL STREET WANTS! They need the short sellers to enter the market so they can squeeze them on the next cycle up. This is a perfect example of what I mean when I say Wall Street adapted to Technical Analysis and uses it against technicians, but technicians still after 10 years have stuck to the dogma of technical analysis and have not adapted to Wall Street, making technical trader's actions predictable, which makes Wall Street predictable.

 This volume spike is on the simple break of intraday support, the diagonal line is the top of the triangle. Short sellers will really enter the market in droves on the break of that support and a failed triangle-at least that's what they think.

 Here's the daily chart and how close we are to that failed triangle. The short seller volume will make it that much easier for Wall Street to accumulate in the wide open as someone has to take the other side of the trade, it raises no suspicions!

On an intraday basis, here's how close we are to breaking the triangle! PERFECT!