March 12, 2024
Daily chart
Yesterday's judgment that "69990 is difficult to reach the top" was correct, and the new high was close to 75533. The price continues to rise above the blue dotted line 69990, and the pressure level is the red dotted line 75533.
The rise starting at 59005 proceeds along the wedge-shaped channel as shown by the orange dotted line. It is possible to develop into a terminal wedge.
In order to end the wedge, it needs to fall below 69990 first and then hit the third high point, and then the beginning of a larger retracement.
