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#RLC short X3 The Rising Wedge Breakdown

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This pattern has a familiar look to a bear flag ( shows a rising wedge 19h chart, while a bear chart pattern is evident in the daily chart.
During the formation, there are a few indicators that can be used to determine whether the pattern is a real pattern or a disguise.

As this formation progresses, it is a favorable signal if the volume is decreasing. That’s because it would show a divergence between price and volume, adding evidence that a reversal may be imminent.

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