X did find a slight break below its wedge,it also bounced at some daily support.A directional break needs to happen soon as the apex of the wedge pattern is getting closer.So two scenarios, either this breaks down on increased volume and tags 38 if 42 goes,or this is just another headfake and X trades back thru the apex at about 45 for a powerful move higher.I believe in the first camp from what the chart tells me at the moment,but also keeping in mind that all patterns are prone to failure.
