The pattern is self-explanatory. I see it present on dozens and dozens of names. I will show you 20 examples of where I see it, and list about 10 other tickers where I see it (but without also posting the chart).
Now, with this pattern, it shows potential, not guarantees. I just find it interesting that I see it in so many places all at the same time. Could they all fail together? Yes. It is a pattern that you can see in a down trend. However, it is also a pattern you will often see at a very bottom. If these do play out, many, many dozens of names may have already bottomed.
You get the idea.
In addition to these, I also see it on: $GE, $GRWG, $HOOD, $KODK, $LAC, $LVS, $MSTR, $NFLX, $NKLA, and $NIO. I’ve stopped looking, but there are likely many others, too. In the screenshots above, I have removed my drawings, but in many cases, these patterns also appear at trend line support.
So, you see my point, until these do break down, there is potential for the whole market to have bottomed in harmony here, and I don’t want to ignore that until I have to.
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