I just looked at easily 50+ charts that all look pretty much identical to this chart. There is a good chance whatever one does, the others will follow mostly. If there is a break out, there should be systematically, dozens of breakouts that can be jumped on, all happening at varying times within a short time frame. Similarly, could be a pretty big broad market pull back where we should be hunting support lines to buy the dip. Here is general analysis on the chart.
Structure and Price Action:
Rising Wedge Breakdown:
The chart shows a clear rising wedge pattern that has broken down decisively. Rising wedges are bearish patterns, and this confirms further downside potential.
Downward Red Trendline:
A clear descending resistance line has now formed, rejecting price attempts to climb higher.
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