The break of bullish pennant
on the higher price level and creates new potential strong resistance. The price will likely retrace on 1.618 of XA as it forms crab harmonic pattern
. The target of harmonic pattern
conjuncts with pennant
target, and finally will complete rising wedge
pattern. The current state is on excessive phase, the price was going up and down, the trendline
start to push more shallow as its below 45 degrees.