$ECL - RC -
Added 2023-08-19 19:05:01 +0000 UTCGood example of what can happen when a long ascending wedge breaks down, as seen here from the start off 2022, the break down was almost the full length of the trend leading into the ascending triangle too....so this is a bearish formation.
In an ABC wave now and finishing on Wave C high, which is not normally a good sign, so the pull back after Wave C is complete will be important to break this trend.
