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Pattern Name
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Expectation
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Reference
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Triangle
Top
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Down
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Page: 105
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My thought on this Pattern Study
- The pattern followed the Triangle Top and as described in page 105, the next direction should be down.
- After crashing down, the stock went all the way up and penetrated the ceiling resistance line. However, it was a failed breakout and the stock went back down below the resistance price line.
- Should be a good candidate for short.
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Intraday Chart
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Historical Chart
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