Here we see a sudo triabngle/wedge like pattern containing 5 waves with a breakout on large momentum and volatility. bearish engulfing candle on break shows downside momentum. Taking a look at the RSI we can see some divergence across the topss as the indicator makes lower highs and price makes higher highs
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.