Yesterday I was able to annotate very short-term trend lines on the 10-minute bar chart. A bearish ascending wedge is visible and while price broke below in the 20 minutes of trading it did manage to close above. I don’t think that this is the execution of this pattern. Recall that the ascending wedge pattern has the expectation of a breakdown. Unfortunately, unlike a flag formation which has a “target” if the pattern executes, a breakdown from the wedge is anticipated but it doesn’t indicate how far it will decline.