From a large double top to forming one lower low after another, continuing to a drop off point that might occur because of one outside bar. Unlikely, but possible. A structural support area that may give way.
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Waiting to see if this thing is going to punch thru the 1H line up of slightly ascending lows is like waiting for the Titanic to sink, but maybe thinking, meh, this miss the iceberg this time.
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Edit: Maybe they miss*