⚡️ 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 is still pending: wave (f) needs to be confirmed as complete before wave (g) can be considered underway. The key trigger to watch is a break above the highlighted resistance line, which would support the case for this final leg beginning. Until that break occurs, proper risk calculation remains essential given the pattern is still unconfirmed.
