$KWEB - Diving board pattern reversal?

It has been painful for the bulls. Adding insult to the injury, what seems like a bottoming process suddenly the price dropped through the bottom.
Diving board dictates a consolidation period followed by a sharp drop followed by sharp recovery. Are we seeing that playing out?
Time will tell. If the price break above the $44 level it has a real chance of getting to $54.59 ish.
So what its going to be? Who knows...
Target 1 - $44
Target 2 - $54.59
Risk - failure to break above $44.
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How to read my charts?
- Matching color trend lines shows the pattern. Sometimes a chart can have multiple patterns. Each pattern will have matching color trend lines.
- The yellow horizontal lines shows support and resistance areas.
- Fib lines also shows support and resistance areas.
- The dotted white lines shows price projection for breakout or breakdown target.
Disclaimer: Do your own DD. Not an investment advice.