Chart Pattern Analysis Of Near.
K3 close below the line of the wedge under increasing volume,
A bearish wedge had been established.
It seems that a shot-term downtrend had started earlier.
It is a potential good place to short it here.
I don't think this short-term downtrend will go far or even reverse the month scale bull market.
It is just a potential Wave(C) of a month scale consolidation.
If the following candles stay upon the o.5fib line or even close upon K3,
It will likely reverse the short-term downtrend.
Short-7.8/Stop-7.9/Target-6.0