⚡️ Market / Price Context
PENDLE broke cleanly from its prior descending trendline, but that move has since been contained within a diametric pattern, keeping price range-bound for roughly a month. This extended consolidation reflects a market still working through structure before its next directional decision.
📈 Chart Explanation
The pattern appears to be approaching its final leg, with wave (f) likely complete and wave (g) positioned to begin. This final wave carries added significance, its structure allows for up to three potential price targets, though confirmation is required before treating this as valid.
📈 Outlook
Confirmation hinges on a clean break above the highlighted blue resistance line. Until that level is cleared, wave (g) remains unconfirmed and the current range persists. A decisive breakout would mark the diametric pattern's completion and open the path toward its projected targets. Risk should be assessed carefully given the pattern's multi-target nature.
