We're seeing a series of higher lows and higher highs before the peak, then a series of lower highs and lower lows indicating a downtrend. The red arrows are the consolidation periods before breaking out.
The Final piece of the jigsaw is the final consolidation and the micro trend within.
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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.