This appears to be an ending diagonal triangle to finish this corrective wave, as the bounce from the low in May 2022 to the high in August 2022 was a clear 3 waves up for Wave 4 of a corrective wave.
Unfortunately there is still more pain for $BROS as I see this coming down to the trend line again at $22.
Failure to hold here and this has its last support at $20.....below the blue line and this could get nasty very quickly and could decline rapidly.
Roy Kimal
2024-08-12 14:04:19 +0000 UTC