This Same Chart Pattern Is Appearing on Many Dozens of Names; Here Are 20 Examples

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.



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$CFG Offers Us an Example of Something I Think Is Important

There are two immediately obvious ways to count the advance off the crash lows on $CFG.

  1. The green count has us completing a 5-wave structure soon-ish, after which we would expect either: a bear market or a very large correction that would take us to the orange box, or
  2. The red count, which suggests that this is going to a hundred.

The problem with the green count is that major trend lines on this time frame don’t tend to break out, retest like this has, then break down soon afterwards. This is something I am seeing on a lot of things (you’ve seen me point it out on oil many times). Everyone is looking for a top soon, it’s possible that we don’t see one for years.