An Overthrow here means a failure to hold and build upon the breakout, which would be hugely bearish as has the potential for a large 'M'- Top Pattern.
Checking the indicators (not shown) shows Divergences on RSI & McD and the move up from early 2023 was on declining volume.
Checking the indicators (not shown) shows Divergences on RSI & McD and the move up from early 2023 was on declining volume.
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Disclaimer
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.