$DD Pattern Has Widened, But Target Remains

Back in this tweet, I pointed out what I understood to be symmetrical triangle on $DD. And though it has since broken lower, it has little effect on the pattern, so long as we remain above the February high (other than taking longer to develop). With the divergence that has formed, I still believe it is sensible to target the upper trend line.

DD


[UPDATE]: Since this rallied sharply toward my upper trend line, I will file this under “Successful Calls.” I will need to monitor the price action from here prior to making a new call.

DD

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