KRE (Regional Bank Sector ETF) offers an objective short entry following the breakdown & backtest of this 60-min bearish rising wedge pattern. KRE has also made a very over-extended run into resistance on the daily chart as well, with very little pullbacks or consolidations since the late December lows in which to help alleviate the overbought conditions. 60-minute & daily charts below.

The price targets for this trade are T1 at 52.39 & T2 at 50.66. The max. suggested stop is 55.04 with a suggested beta-adjusted position size of 1.0.