After colliding with the correction band, it formed a double top. Then, together with the weakness that showed up in the sector (AI disruptive), it did a retest of the cup+handle formation it broke. It’s also trying to hold onto the support band. But it must not lose the red diagonal resistance, otherwise it becomes a failed breakout and it’s over
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After colliding with the correction band, it formed a double top. Then, together with the weakness that showed up in the sector (AI disruptive), it did a retest of the cup+handle formation it broke. It’s also trying to hold onto the support band. But it must not lose the red diagonal resistance, otherwise it becomes a failed breakout and it’s over