What stands out is the repeated failure to reclaim prior highs. Each bounce loses strength faster than the last, pointing to weakening demand. This rules out a rectangle due to the declining highs and differs from a falling wedge since support remains relatively flat. The structure looks more like distribution than accumulation.
Given this setup, I lean toward a downward break happening first. Descending triangles tend to resolve lower, especially after a strong run when momentum cools. Unless price can break above the descending resistance decisively, this consolidation feels more like a warning than a bullish pause.
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- 1PC·01-20 23:28TOPNice Sharing 😁. Breakdown to signal the End of the Snake 🐍 Year, & later Breakout to signal the Beginning of Horse 🐎 year [Chuckle] @JC888 @Barcode @koolgal @DiAngel @Aqa @Shernice軒嬣 20001Report
- NewmanGray·01-20 11:36TOPSpot on, NVDA's descending triangle screams distribution. Bearish break likely soon. [看跌]1Report
- icycrystal·01-19 21:29TOPthanks for sharing1Report