TXN - Texas instruments (earnings)

TXN is trading into resistance. A large wedge pattern has formed. Chopping from the low end to the high end is still favourable until you break out and confirm above.

TXN has a history of strong performance on earnings so i does favour a beat however the question is has the market priced this in already?

Based on the volume trends it looks like there is distribution occurring which could signal a sell after earnings even if the report is good.