$URC failed to reach a new high last week. Instead, it formed a shooting star on Friday, which happened to be right at the resistance level—a typical signal of exhaustion in the late stages of an uptrend. Coincidentally, this candlestick appeared just days after the breakout from a descending triangle. From a psychological perspective, this situation often suggests that the market may face adjustment pressure ahead.
$URC failed to reach a new high last week. Instead, it formed a shooting star on Friday, which happened to be right at the resistance level—a typical signal of exhaustion in the late stages of an uptrend. Coincidentally, this candlestick appeared just days after the breakout from a descending triangle. From a psychological perspective, this situation often suggests that the market may face adjustment pressure ahead.