80% correction for PDD Holdings Inc ??

On the above 12 day chart price action has increased 450% since March 2022. A number of reasons now exist for a bearish outlook. They include:

1) Failed support for price action and RSI.

2) Regular bearish divergence, lots of it. Seven oscillators print negative divergence with price action. Look left.

3) The rising wedge breakout and backtest. On confirmation price action has a high probability or returning to where the wedge began as measured from the apexes, which is $30.

Is it possible price action continues upwards and onwards? Sure.
It is probable? No.

Ww