casim
After the spectacular failure of Breaking Bad, here comes Breaking Bad 2!
Pennant breakout, may lead to dual breakout, descending broadening wedge as well as triangle. The breach of dotted aqua wall, given the history, does not seem likely, though!
Descending broadening wedge breakout - target top of the wedge Alternatively, falling wedge breakout - indicating expected failure to reach the said top Potential bearish Cypher formation - highlighting resistance on the way to even falling wedge target In nutshell, not going to be an easy ride to top!
The cause of downfall appears to be double tops as identified in The Reprieve There was later a pullback attempt from arrow marked support Pullback resulted in double bottoms as well as breakout of blue descending broadening wedge (Triple Treat) Double bottoms got busted, resulting in the continuation of the downward march, originally triggered by double tops,...
Possible Gartley advanced formation (Credit: Alexander_Nikitin)
Possible triple bottoms for top of descending broadening wedge!