Near the previous high, or when approaching it, or when reaching the psychological ceiling of the market or a position protected by bearish positions, the price may encounter resistance and pull back.
The depth of the pullback is determined by its strength. However, once it finds support after the pullback, there is a possibility of continued upward movement. If the resistance level is broken, the price may further increase or even experience a rapid surge.
Next update will cover the identification and application of continuation patterns in uptrends. Thank you for your attention!
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