i expect reversal at near 145 level and big drop after.
if price manage to break lower brown trendline wait for consolidation on daily and you can short from there.
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I have relooked into structure and that what see curently..
Potentially can be a huge drop
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pablo I like your simple drawing, very effective idea transmission. lol. You could be right. if the market corrects you are right. If it breaks out you are wrong. Everybody is suspecting a correction look at rising wedge in spx w divergence. But who knows, as a contrarian view because everybody thinks the correction is around the corner maybe the market will break out. Maybe your diagonal could be an ascending base, or a flat or high base forming?