Just spotted something worth paying attention to on the charts — the ascending broadening wedge pattern is showing up again, and it's one of those setups that usually doesn't end well for bulls.

Here's what's happening: After a solid run up, price keeps making higher highs and higher lows, but the momentum feels shaky. The trendlines are diverging — resistance line going up, support line going up too, but they're spreading apart. That widening range is the key tell. It means volatility is ramping up and uncertainty is creeping in.

The thing about this ascending broadening wedge formation is that it tends to be a bearish reversal pattern. You'll typically see at least 3 waves expanding within it before things get interesting. Each swing gets bigger than the last, which might look bullish on the surface, but it's actually a sign the market is losing conviction.

Once that wedge matures, the breakdown can be vicious. When support finally cracks, it usually comes fast and sharp — not a slow bleed but a real capitulation move. That's why traders watch these patterns closely.

I'm keeping an eye on TRUMP, WLFI, and MYX right now. If you're trading any of these, watch for that support level. When the wedge finally breaks, that's typically when the real move happens. The ascending broadening wedge pattern is one of those technical setups that rewards patience and discipline — wait for the confirmation, don't chase early.