When A Pattern Fails

in #stocks4 years ago

It's been my experience that when technical pattern fails, in this case the 5 wave wedge. Stops in a tick below the lowest price point.
When the pattern fails the opposite is true so still a bear market and it's going to be ugly to the downside.

Dow 5 wave wedge March 19 2020.jpg

dow jones price breaks down below wedge - March 22, 2020.JPG

All data and information provided is for informational purposes only. Trend Wizard makes no representations as to accuracy, completeness, currentness, suitability, or validity of any information in this post and will not be liable for any errors, omissions, or delays in this information or any losses, injuries, or damages arising from its display or use. All information is provided on an as-is basis. I document this stuff for personal reasons as a log and share with the community...... only because I'm a nice person.

So in ending........ Use critical thinking and think for yourself.

Coin Marketplace

STEEM 0.36
TRX 0.12
JST 0.039
BTC 69965.85
ETH 3540.49
USDT 1.00
SBD 4.71