We have again failed breakout sequence. It's the market telling again us that it needs more time to gain profit on investment.
My speculation was that the second breakout was due to market manipulation all so as fallow (caused by news, announcements, promotion etc.), if you look before the breakout of the failed wave, you can see that verge was trading at almost the same range at what it is now.
I am studying daily base different coints and share it with you all.