Looks like a large cup has already formed. In combination with a narrowing wedge, thus down breakout of the uptrend, a small handle could form. This also coincides with the fairly common liquidity grab of an uptrend. Maxi's liquidating overleveraged longs before a final up and up only.
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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.