#CYBRO The chart shows a falling wedge pattern, which is often considered a potential reversal formation with a likelihood of an upward breakout. Here's a detailed analysis:
Pattern Characteristics:
The falling wedge is defined by progressively lower highs and lows within two converging trendlines.
On the chart, these trendlines are marked with yellow lines.
Toward the end of the pattern, the price is near the lower trendline, with a visible attempt at breaking out.
Volume:
The volume was high at the beginning of the pattern and gradually decreased, which is typical for wedges.
Toward the end