FMG Technical Analysis, page-5521

The daily chart shows a double V V closing at daily highs.
The daily friday candle shows a green candle with 15c body 17c tail 9c head
this is bullish daily candle normally showing a reversal trend as the daily lows were strongly reversed hence the long tail longer than the body and the long body shows rising pattern intraday.
The monthly chart shows a slide down pattern

16.20-16.30 appears to be a ledge point formed since the 15-27 July ledge at the same price point on the way up.
The strong friday close which saw buying strength & a V whipsaw recovery was bought up all afternoon. Also abllish move.
Yet the monthly and annual pattern is a worry.

The next 7-14 days should show the TA experts whether this top crackdown was the start of the bear run or a fake bear or continuation of the bull run after a minor correction 19 to 16. SO 16-16.30 must hold, pressure at this level or a crack below may result in software & INSTO selling pressure on technicals. Guys like Chanos would be watching like hawks,
if a TA breakdown appears then they might all pile in for the gains protection trade or close stop loss calls.
If 17 breaks and holds it may be a ledge in the clear 5 year bull run continuation pattern.

Reminder-
Trading rule 3
dont be emotional in share trading, the trend is your friend
Trading Rule 1
buy low sell high
Trading rule 7
dont get caught catching the knife
Trading Rule 2
buy on the way up, not on the way down