Ascending broadening wedge (in green), starting on the 18th. broadening wedges are typically continuation patterns indicating a continuation of the previous trend, and in this case, we are in an overall bearish trend still i think, thus meaning there is a good chance that this wedge is a bearish sign.. a broadening wedge only needs 3 touches to the top and bottom trend-lines to confirm it, and in this case we have 5 touches to the top and 4 to the bottom. after the 3rd touch to the top line, we had an apparent bullish fake-out in which it came back down into the channel, the fake-out is another bearish indication to me. and the 5th touch also doubles as a touch to the bearish trend line that started on the 16th and rejected there. i think we are close to coming downward to cross through the bottom line, and the price target in this case is 196.. The macd is also showing a drop on the histogram and seems to be approaching a crossover soon which adds to the bear signal in my opinion.
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