When A Pattern Fails

in #stocks5 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

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