RAX looks to be offering an objective short entry on this backtest of the recent broken bearish rising wedge pattern. At this time, T2 is my preferred target.
edit: T1 was incorrectly listed twice in the original chart posted. T1 is 70.25, T2 is 60.00 and T3 is 53.00. T2 (60.00) is the current preferred target. This chart has been edited to reflect the correction.