Descending wedge has occurred frequently on lower time frame with fake out down followed by small pump. Perhaps this is a scaled up fractal of that structure. Subsequent extension to wedge based on wicks rather than bodies would be unsurprising.
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.