you can call it whatever you want, you can draw it however you want, what i see is a change of trend shown by a sequence of lower low lower lows, right after a strong upward trend. Right now i'm waiting for a retest of the broken support that could act as resistance and keep the price from rising further. You'll be updated!
If you have questions/ideas, share below. Otherwise, see you in the next chart!
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Price is in reversal zone, let's see how it reacts...
I noticed this pattern over this weekend. Even more evident on the 4hr chart. I tried to catch it today at resistance, with the release of Spanish unemployment & hoping for downplay of ECB QE Tapering thursday. But I feel I was a bit premature now. I may reenter tomorrow depending what price action looks like at neckline level