Evidence could suggest that after a few sideways days for Red Pulse, there could be a negative breakout incoming, here are the four key indicators that have led my thinking...
A - Short rebound wave. Upwards wave not reaching the previous resistance level indicates a break from this sideways trend.
B - Huge volume spike. Another indicator of trend reversal.
C - Extended wave. Elliot Wave analysis mentions the importance of an extended wave for possible breakouts when found in sideways bars, ascending triangles, flags etc so this can be seen as the best indicator for breakout.
D - Bollinger band expansion could indicate increasing volatility, furthermore, as it is the first time the bollingers have dropped above or below the major resistance lines that we can see have formed.