Megaphone continuation or megaphone rejection?

TVC:USOIL   CFDs on WTI Crude Oil
Clear megaphone pattern on the 2 and 4 hour charts.

The price just touched the 5th resistance point. On the shorter 5 min graph the price gapped downwards after passing resistance. Odd to see.

Could either rise significantly from here or its about to reject heavily with a target price around $80.

Covid is rising worldwide so I think upper price movement is limited worldwide but I may be slightly premature in saying this.

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