i am shorting MRK here as it flirts with it’s multi-year highs and adding it as an active short trade. more aggressive traders might consider a short here near the top of the bearish rising wedge patterns with the appropriate stops above or maybe a 1/2 position here while adding the second lot on a breakdown of the rising wedge pattern. more conservative traders may still want to wait for a confirmed breakdown of the pattern as per the previous post before establishing a position. my preferred target remains T2 for now so an ideal stop for someone targeting that level would be about 5% above the current price of 46.60.
