Pennant formation, waiting for breakout. Sellers may break the pennant to the downside, as a 3rd touch to the upper trend line has been made along with a pin bar, after a double top was made at daily resistance (purple zone). The longer price tends to consolidate the more powerful of move that occurs when a breakout is made. Trend is still bearish overall, & structure is still intact. Lets see if a breakout is made tonight : )
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