PEPE: Ascent or descent?
I have to say that since I started studying graphs, this moment is the one I find most difficult to decipher.
Looking at the last month, I would say that we are ready for a decisive breakout, closing a nice triangle in these next few hours or couple of days.
BUT.. If you look at the purple rectangle drawn 1 month ago, it is the bullish TD sequence where the 9-day setup closes, then confirmed by the rapid decline in the following days.. From there, we are at the 12th day closed yesterday of the 13-day countdown for the trend reversal.. I would have expected that today I would have closed on the 13th, but no.. It leaves me hanging.