SUMMARY
VERGE is displaying a sideways triangle fractal as shown in below chart. Fractal #1 had price rise higher than the peak of the triangle. The abcde waves on the Fractal #2 are labeled and if correct, one more wave E down would complete the pattern. What would be needed next is a confirmation with a price breach of the upper white line of the triangle.
If the price breakout of Fractal #1 can be used as an indication for the Fractal #2; the a set of five wave impulse would confirm the pattern as shown in white waves. This increase would also need to be accompanied buy a surge in volume which has been declining as price is approaching the apex. This decline in volume prior to a breakout is expected and volume confirmatory.
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