Intraday adjusted(pattern has been extended at both left & right end), price broke out of the Diamond Top Pattern as anticipated. Price could potentially pullback and test prior support, and then resume downwards to the minimal corrective point established by the first red dotted horizonal line. The second and lower red horizonal line is the preceding rising wedge's pattern minimal target point.
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Rounding Top & Diamond Top patterns failed due to intraday Bullish Exotic Dragon Pattern mentioned recently. Bearish Rising Wedge still in play. In my humble opinionAll the best!
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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.