The tip off that the consolidation was heading down, imo, is that the last 3 high points started getting lower and lower. the peak just after 1400 was higher than the next, and the one after that was lower than both the previous two. At 1500 it went below the consolidation zone, but could never go above. This was a signal to get short imo. Not to mention the stock indexes were starting to drop as well.
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